Paul Denham

LONDON and PHILADELPHIA, July 20, 2026: Morgan Lewis advised AI cloud company Nebius Group N.V. (Nasdaq: NBIS) on the company’s first senior secured debt facility for approximately $775 million. The facility is backed by GPU infrastructure and contracted cash flows. Nebius is an AI infrastructure company that provides cloud computing services to support the development, training, and deployment of artificial intelligence models and applications.

Private credit has evolved from an alternative lending source into a mainstream financing solution for sponsor-backed transactions. As the market grows and competition intensifies, sponsors and borrowers are benefiting from increased flexibility, while lenders face new challenges around documentation, risk allocation, and restructuring dynamics.

Private credit has evolved from an alternative lending source into a mainstream financing solution for sponsor-backed transactions. As the market grows and competition intensifies, sponsors and borrowers are benefiting from increased flexibility, while lenders face new challenges around documentation, risk allocation, and restructuring dynamics.