(Il Sole 24 Ore Radiocor) - Milano, 17 mar - Nebius Group said it intends to raise 3.75 billion dollars through a private sale of convertible senior notes.

The AI-cloud technology company, which is ramping up its AI offering, said the private sale will be done in two series - one for 2 billion dollars in convertible notes due 2031 and the other of 1.75 billion due 2033.

The company intends to use the net proceeds from the offering to finance the continuing growth of its business, including building and expanding its data centers, developing its AI cloud platform, buying essential hardware like GPUs, and covering general business needs.

Yesterday Nebius agreed to a five-year deal worth about 27.

billion dollars to supply AI infrastructure capacity to Meta.

(RADIOCOR) 17-03-26 19:30:23 (0645) 5 NNNN