secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Digital Inc. (GLXY)
CIK:        0001859392
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001859392-25-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000039/0001859392-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000039/glxy-20250815.htm
  HTML page:      https://secwatch.observer/filing/0001859392-25-000039

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