* Nebius ( NBIS ) to raise $3.75 billion in convertible loan

offering

* Nebius ( NBIS ) loan offering follows deals with Nvidia ( NVDA ), Meta

this month

* Company says proceeds will fund core AI cloud business

March 17 (Reuters) - Nebius ( NBIS ), Europe's largest

AI infrastructure firm, said on Tuesday it aims to raise $3.75

billion via a convertible loan offering.

The news follows two big announcements from Nebius ( NBIS ) this

month, a deal worth up to $27 billion to provide AI computing

power to Meta, and a $2 billion investment from Nvidia ( NVDA )

.

Nebius ( NBIS ) said it would use the proceeds from the convertible

loan to finance its core AI cloud services business.

In February, the fast-growing Nebius ( NBIS ) reported a

fourth-quarter net loss of $250 million on revenue of $228

million, and said it expected revenue to hit an annualized run

rate of $7 billion to $9 billion by the end of this year, from

$1.25 billion at the end of 2025.

The company said on Monday that its 2026 guidance remains

unchanged.

(Reporting by Toby Sterling in Amsterdam; Editing by Shinjini

Ganguli)