Legal Team Advises on $3.5 Billion Financing for Nebius

October 23, 2026 - 06:04

A cross-practice legal team has represented the mandated lead arranger on a US$3.5 billion financing package for Nebius, the artificial intelligence infrastructure company. The transaction is intended to support Nebius's global capacity build-out as demand for AI computing continues to surge.

The deal brings together lawyers from multiple practice areas, reflecting the complex nature of large-scale technology financings that span debt structuring, corporate matters and regulatory considerations. The financing is expected to help Nebius expand its data center footprint and cloud infrastructure across international markets.

Nebius has positioned itself as a significant player in the AI infrastructure space, offering cloud computing services and GPU capacity to companies developing artificial intelligence models. The company has been scaling rapidly to meet growing demand from clients who require substantial computing resources for training and running AI systems.

The $3.5 billion financing represents one of the larger transactions in the AI infrastructure sector this year. Lenders and investors have shown increasing appetite for backing companies that provide the underlying computing power needed for artificial intelligence development, viewing the sector as a long-term growth opportunity despite significant capital requirements.

The legal team's role as adviser to the mandated lead arranger involved coordinating across jurisdictions and practice groups to structure and negotiate the financing arrangements. Such transactions typically require careful attention to security packages, covenant structures and cross-border regulatory requirements.

The capacity build-out supported by this financing will allow Nebius to continue expanding its operations internationally, adding data center capacity and computing resources to serve enterprise clients and AI developers. The company has indicated that demand for its services continues to outpace available capacity, making the expansion a priority.