Nebius Group (NASDAQ:NBIS) shares are trading lower on Wednesday as the company disclosed an offering of $4.50 billion in convertible senior notes.
• Nebius Group shares are retreating from recent levels. What’s pressuring NBIS stock?
Convertible Notes Offering
The company plans to offer $4.50 billion of convertible senior notes in a private placement, comprising $2.75 billion of 2030 Notes and $1.75 billion of 2034 Notes.
Initial purchasers may also buy up to an additional $375 million of 2030 Notes and $300 million of 2034 Notes within 13 days of issuance, subject to market and other conditions.
