Loan & DebtJul 28, 2026, 05:01 PM
Galaxy Digital subsidiary raises $3.5B in 9.875% Senior Secured Notes
AI Summary
Galaxy Helios Data Centers II LLC, an indirect wholly-owned subsidiary of Galaxy Digital Inc., completed a private offering of $3.507 billion in 9.875% Senior Secured Notes due 2031. The notes were issued at 99.500% of their principal amount. Proceeds will finance the development and construction of two data centers in Dickens County, Texas, with 400 MW utility capacity and 260 MW critical IT capacity, and fund debt service reserves.
Key Highlights
- Galaxy Digital subsidiary completed a private offering of Senior Secured Notes.
- Aggregate principal amount of Notes sold was $3,507,000,000.
- Notes bear an interest rate of 9.875% per annum, payable semi-annually.
- Notes were issued at a price of 99.500% of their principal amount.
- Notes will mature on August 1, 2031.
- Proceeds will fund two data centers with 400 MW utility and 260 MW critical IT capacity.
- Data centers will be built on a 260-acre property in Dickens County, Texas.
Price Impact
More from GLXY