secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2022-06-16T23:59:59+00:00
Accession:  0001679688-22-000082
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalBridge announces DataBank recapitalization: Swiss Life consortium buys 27% for $1.2B; DBRG ownership to 15.5%
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- Swiss Life Asset Managers and EDF Invest acquire 27% of DataBank for ~$1.2B cash from existing investors.
- DigitalBridge's indirect ownership in DataBank reduces to 15.5%; receives $230M cash proceeds.
- Valuation implies 1.9x multiple of average cost basis on DBRG's four DataBank investments since Dec 2019.
- Subsequent recapitalization stages expected through Q4 2022 with additional new investors.
- DataBank operates >65 data centers across 27 U.S. markets; DBRG retains significant exposure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000082/0001679688-22-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000082/dbrg-20220616.htm
  HTML page:      https://secwatch.observer/filing/0001679688-22-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer