Nebius (NBIS) shares dipped in morning trade on Thursday amid a broader market sell-off after the company secured a $3.5 billion senior secured facility from Citi. COO Ophir Nave said the deal shows Nebius can choose when and how to raise capital, with larger financing still ahead, and that the company has $40 billion in long-term customer contracts that could serve as collateral. The 364-day loan carries Term SOFR plus 2.75%, rising to a maximum of 3.50%, with proceeds going to data centers, GPU purchases and general corporate purposes. The move comes amid pressure on neocloud stocks: CoreWeave (CRWV) lost roughly a quarter of its market value last week, and yields on some of its bonds rose to around 15% from about 9.675%. Piper Sandler cut its Nebius price target by 22% to $185, and both NBIS and CRWV have fallen nearly 30% this month.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nebius Says It Is ‘Sequencing’ Its Financing After Getting $3.5B From Citi, With Bigger Asset-Backed Loans Still to Come
Read the original on Yahoo Finance ↗
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NBISartificial intelligencedata centersCoreWeave
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.87 |
| Change that session | +2.49% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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