04:48 AM EDT, 03/23/2026 (MT Newswires) -- Nebius Group ( NBIS ) said Monday it closed a private offering of convertible senior notes for gross proceeds of about $4.34 billion so far.

The offering comprises 1.25% notes due 2031 and 2.625% notes due 2033.

The initial purchaser fully exercised its option to buy an additional $337.5 million of 2031 notes. The initial purchaser continues to have an overallotment option to buy up to an additional $262.5 million of the 2033 notes.

The company said it plans to use the net proceeds to finance expenditures related to the construction and build-out of its data centers, among other things.

Nebius ( NBIS ) shares were down 2.8% in premarket activity.