Nebius completes large private convertible offering: closed $5.75B convertible notes (2030 & 2034 series) after pricing upsizes and concurrent liability‑for‑equity exchanges
Closed a $5.75B Rule 144A convertible offering with accreted principal amounts and concurrent liability‑for‑equity exchanges that materially change dilution, balance‑sheet obligations and conversion mechanics and therefore require immediate review of the note documentation and pro‑forma capitalization.
Closed $5.75B convertible notes (2030 & 2034) with conversion rates, APAs and full overallotment exercise; concurrent exchanges converted $800M debt into ~15.8M shares.
- Proposed$4.50BAug 19
- Priced$5.00BAug 19
- Closed$5.75BAug 24