Loan & DebtJul 24, 2026, 06:07 AM
Galaxy Digital Subsidiary Prices $3.507B Senior Notes
AI Summary
Galaxy Digital Inc. announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC, priced an offering of $3.507 billion aggregate principal amount of 9.875% Senior Secured Notes due 2031. The offering is expected to close on July 28, 2026, subject to customary conditions. The net proceeds will be used to finance the development and construction of two data center buildings in Dickens County, Texas, with a combined total of 400 megawatts of utility capacity, and to fund debt service reserves.
Key Highlights
- Galaxy Helios Data Centers II LLC priced $3.507 billion in Senior Secured Notes.
- The Notes bear an interest rate of 9.875% per annum and mature in 2031.
- The offering is expected to close on July 28, 2026.
- Proceeds will finance two data center buildings with 400 MW utility capacity in Texas.
- The Notes will amortize at 4.00% per annum, payable semi-annually.
- The Notes are senior secured obligations with first-priority liens on Issuer and Guarantor assets.
Price Impact
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