---
schema_version: "secwatch.filing_event.v1"
accession: "0001859392-25-000039"
form_type: "8-K"
ticker: "GLXY"
cik: "0001859392"
company_name: "Galaxy Digital Inc."
filed_at: "2025-08-15T23:59:59+00:00"
generated_at: "2026-05-17T12:31:11.020424+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Galaxy Digital affiliate enters $1.4B senior secured loan for Texas data center construction

## Summary
- Galaxy Helios I LLC, an affiliate, borrowed $1.4B from Deutsche Bank AG at Term SOFR +4.75% (floor 250 bps).
- Matures August 15, 2028; proceeds fund data center construction in Dickens County, Texas and a one-time dividend to Galaxy Digital.
- Loan secured by Galaxy Helios I assets; Galaxy Digital itself is not a guarantor, but Galaxy Digital Holdings LP provides completion guarantees.
- Covenants: minimum debt service coverage ratio of 1.40 (post-stabilization) and maximum loan-to-cost ratio of 80% pre-stabilization.

## SEC filing metadata
- accession: 0001859392-25-000039
- form_type: 8-K
- ticker: GLXY
- cik: 0001859392
- company_name: Galaxy Digital Inc.
- filed_at: 2025-08-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859392/000185939225000039/0001859392-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859392/000185939225000039/glxy-20250815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001859392-25-000039
- JSON: https://secwatch.observer/filing/0001859392-25-000039.json
- Plain text: https://secwatch.observer/filing/0001859392-25-000039.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859392/000185939225000039/0001859392-25-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.