secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001679688-23-000099
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968823000099/0001679688-23-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968823000099/dbrg-20230914.htm
  HTML page:      https://secwatch.observer/filing/0001679688-23-000099

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