debt
confidence high
sentiment positive
materiality 0.50
Galaxy Digital subsidiary secures senior secured term loan from Deutsche Bank for data center project
Galaxy Digital Inc.
- Galaxy Helios I LLC (Galaxy Digital subsidiary) entered a Credit Agreement with Deutsche Bank AG, New York Branch as initial lender.
- Facility is a senior secured term loan to finance construction of a data center project (the 'Project').
- Proceeds will cover financing expenses and project costs; borrower owns the trust property.
- Agreement references a lease with Coreweave as tenant, with provisions for additional work changes.
- Loan availability period is up to 36 months from closing, subject to conditions and lender approvals.