Nebius Group N.V. Asset Backed Facility

Nebius Group N.V. has entered into a Senior Facility Agreement for a senior secured term loan facility amounting to approximately $775 million. This facility, provided by MUFG Bank, Ltd. and other lenders, is primarily intended to finance the buildout of the Company's AI cloud. The loan carries an interest rate of Term SOFR plus a 2.50% margin and matures on October 31, 2030. Key covenants include a debt service coverage ratio of 1.15:1.00 and a minimum liquidity requirement. The obligations are secured by substantially all of each Borrower's assets and the shares of the Borrowers. The Company also provided certain guarantees. This financing is backed by deployed GPU infrastructure and contracted cash flows, with a framework to secure further asset-level financing for future customer deployments.