Latham & Watkins Advises on Nebius Group’s US$1 Billion Convertible Notes Private Placement

Nebius Group N.V. (NASDAQ: NBIS), a leading AI infrastructure company, has announced that it has entered into definitive agreements for a private placement of senior unsecured convertible notes in an aggregate principal amount of US$1 billion, in two tranches: US$500 million aggregate principal amount of 2.00% convertible notes due 2029, and US$500 million aggregate principal amount of 3.00% convertible notes due 2031

Latham & Watkins LLP represented the placement agent in the offering with a Capital Markets team led by London partner Jenna Gascoyne, with associates Sarah Youssefi and Rebecca Reeve. Advice was also provided on convertible debt matters by New York partner Reza Mojtabaee-Zamani and New York counsel Polina Tulupova, with associates Daniel Weiss and Adam Zhang.