DigitalBridge completes DataBank recapitalization, netting $479M in gross cash proceeds

DigitalBridge Group, Inc.

Final closing delivered $50M, total gross cash proceeds from recapitalization = $479M.
DigitalBridge's ownership in DataBank reduced to 9.87%.
DataBank will be deconsolidated from Q3 2023 financials; remaining interest recorded as investment.
Future changes in DataBank's fair value reflected in Principal Investment Income.

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