--- title: Nebius borrows $3.5bn from Citi as it says AI compute... description: Nebius signed a $3.5 billion loan facility with Citi to fund data centre development, GPU purchases and general corporate purposes. The secured facility runs... canonical: https://daily.dev/posts/nebius-borrows-3-5bn-from-citi-as-it-says-ai-compute-prices-keep-rising-pvzvgnze4 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising | daily.dev og:description: Nebius signed a $3.5 billion loan facility with Citi to fund data centre development, GPU purchases and general corporate purposes. The secured facility runs... og:url: https://daily.dev/posts/nebius-borrows-3-5bn-from-citi-as-it-says-ai-compute-prices-keep-rising-pvzvgnze4 og:image: https://api.daily.dev/og/posts/pVzVgnze4.png og:image:alt: Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Nebius signed a $3.5 billion loan facility with Citi to fund data centre development, GPU purchases and general corporate purposes. The secured facility runs for 364 days, with interest starting at Term SOFR plus 2.75%, which can rise to 3.50%. Nebius can later borrow against more than $40 billion in long-term contracts from customers with investment-grade credit ratings. Chief revenue officer Marc Boroditsky said compute prices are rising faster than expected and 2027 capacity would sell out if Nebius brought it online. He contrasted Nebius's debt load with CoreWeave's. Nebius also began publishing live spot GPU prices at Nvidia's GTC conference in Berlin. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What are the terms of Nebius's $3.5 billion loan from Citi? Nebius signed a secured $3.5 billion loan facility with Citi running for 364 days. Interest starts at the Term SOFR benchmark rate plus 2.75% a year, with the margin able to rise to 3.50% subject to other adjustments. Nebius said it would use the funds for data centre development, GPU purchases and general corporate purposes, with Citi as lead arranger. _Anyone tracking how AI cloud providers finance GPU buildouts can follow deals like this on daily.dev._ ### How does Nebius's debt compare to CoreWeave's debt situation? Nebius's chief revenue officer Marc Boroditsky said the company is 'not carrying the kind of debt' that CoreWeave is. This came as the cost of insuring CoreWeave's debt against default rose to levels typically seen as a sign of distress, and Nebius shares had fallen sharply over the prior month, prompting investor questions about how neoclouds fund expansion. _daily.dev helps developers weighing neocloud providers keep up with financial comparisons like this._ ### Why are AI compute prices rising according to Nebius? Nebius's chief revenue officer said prices for computing capacity are rising faster than the company expected, citing an auction it ran that showed further increases. He added that if Nebius brought its 2027 capacity online immediately, it would sell out, pointing to demand outpacing supply as seen in SpaceX's ninefold AI revenue growth. _Teams budgeting for GPU access can track compute pricing trends like this through daily.dev._ ## Similar posts on daily.dev - [Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.](https://daily.dev/posts/nebius-raised-775-million-by-borrowing-against-its-gpus-it-has-40-billion-more-contracts-to-secur-aqvxzmvur) · The Next Web · 0 upvotes · 0 comments - [Nebius revenue grew 454%. Most of the cash came from customers paying in advance](https://daily.dev/posts/nebius-revenue-grew-454-most-of-the-cash-came-from-customers-paying-in-advance-hore66d0b) · The Next Web · 0 upvotes · 0 comments - [Nvidia, CoreWeave, and Nebius: Inside the Circular Financing of the GPU Boom](https://daily.dev/posts/nvidia-coreweave-and-nebius-inside-the-circular-financing-of-the-gpu-boom-tiepbgsbn) · Hacker News · 0 upvotes · 0 comments - [Nebius is raising $4.5bn in convertible bonds to build AI data centres](https://daily.dev/posts/nebius-is-raising-4-5bn-in-convertible-bonds-to-build-ai-data-centres-emrcyjrpv) · The Next Web · 0 upvotes · 0 comments --- Tags: [#cloud](https://daily.dev/tags/cloud), [#gpu](https://daily.dev/tags/gpu), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/nebius-borrows-3-5bn-from-citi-as-it-says-ai-compute-prices-keep-rising-pvzvgnze4) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising","url":"https://daily.dev/posts/nebius-borrows-3-5bn-from-citi-as-it-says-ai-compute-prices-keep-rising-pvzvgnze4","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/nebius-borrows-3-5bn-from-citi-as-it-says-ai-compute-prices-keep-rising-pvzvgnze4"},"datePublished":"2026-10-22T11:58:01.915Z","dateModified":"2026-10-22T11:58:26.736Z","description":"Nebius signed a $3.5 billion loan facility with Citi to fund data centre development, GPU purchases and general corporate purposes. 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Interest starts at the Term SOFR benchmark rate plus 2.75% a year, with the margin able to rise to 3.50% subject to other adjustments. Nebius said it would use the funds for data centre development, GPU purchases and general corporate purposes, with Citi as lead arranger. Anyone tracking how AI cloud providers finance GPU buildouts can follow deals like this on daily.dev."}},{"@type":"Question","name":"How does Nebius's debt compare to CoreWeave's debt situation?","acceptedAnswer":{"@type":"Answer","text":"Nebius's chief revenue officer Marc Boroditsky said the company is 'not carrying the kind of debt' that CoreWeave is. This came as the cost of insuring CoreWeave's debt against default rose to levels typically seen as a sign of distress, and Nebius shares had fallen sharply over the prior month, prompting investor questions about how neoclouds fund expansion. daily.dev helps developers weighing neocloud providers keep up with financial comparisons like this."}},{"@type":"Question","name":"Why are AI compute prices rising according to Nebius?","acceptedAnswer":{"@type":"Answer","text":"Nebius's chief revenue officer said prices for computing capacity are rising faster than the company expected, citing an auction it ran that showed further increases. He added that if Nebius brought its 2027 capacity online immediately, it would sell out, pointing to demand outpacing supply as seen in SpaceX's ninefold AI revenue growth. Teams budgeting for GPU access can track compute pricing trends like this through daily.dev."}}]} ```