On July 20, NEBIUS rose 5.31% in pre-market trading, trading at approximately $187.14/share, with turnover of $57.51 million. The gain was driven by continued positive sentiment following the company's completion of a $775 million inaugural senior secured debt facility announced on July 17.

The financing is collateralized by deployed GPU computing infrastructure and long-term contracted cash flows from highly rated clients, with maturity set for late October 2030 and priced at SOFR plus 250 basis points. The facility was exclusively arranged by MUFG and saw oversubscribed demand. Management stated proceeds will fully cover existing GPU capital expenditures, with remaining funds allocated toward further compute capacity expansion to support the delivery of its full-stack AI cloud platform services.

The debt facility follows a series of significant business developments, including a $1 billion-plus computing power agreement with Reflection AI extending through 2029, underscoring sustained demand for high-end AI compute. NEBIUS had experienced selling pressure earlier in the week due to concerns over its newly launched asset-light AI cloud model and competitive threats from Meta, before the financing announcement reversed sentiment.

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