Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Galaxy Digital Inc. incurred term loan of $1,400,000,000 senior secured term loan facility with Deutsche Bank AG, New York Branch at one month Term SOFR, with a floor of 250 basis points, and the applicable margin maturing August 15, 2028.
- Instrument
- term loan
- Principal
- $1,400,000,000 senior secured term loan facility
- Counterparty
- Deutsche Bank AG, New York Branch
- Rate
- one month Term SOFR, with a floor of 250 basis points, and the applicable margin
- Maturity
- August 15, 2028
- Event
- incurrence
Exact text from the filing
On August 15, 2025, Galaxy Helios I LLC (“Galaxy Helios I”), a Delaware limited liability company and affiliate of Galaxy Digital Inc., a Delaware corporation (“Galaxy Digital”), entered into a Credit Agreement (the “Credit Agreement”) by and among Galaxy Helios I, as borrower, Deutsche Bank AG, New York Branch, as initial lender, and GLAS USA LLC, in its capacity as administrative agent and collateral agent for the secured parties. The proceeds of the loans extended under the Credit Agreement will be used to finance the development and construction of a data center located in Dickens County, Texas (the “Project”), to pay for certain financing expenses and other expenses related to the Project, and to pay a one-time dividend to Galaxy Digital on the closing date to partially repay prior equity funding towards the Project. The Credit Agreement provides for a $1,400,000,000 senior secured term loan facility. Commitments under the Credit Agreement will mature on August 15, 2028, unless ot
View on SEC.gov