debt
confidence high
sentiment neutral
materiality 0.70
Galaxy Digital subsidiary plans $3.5B notes offering to fund Texas data center project
Galaxy Digital Inc.
- Galaxy Helios Data Centers II LLC intends to offer $3.507B senior secured notes due 2031 in a private offering.
- Net proceeds will finance development of two data center buildings with 400 MW utility capacity and 260 MW critical IT capacity.
- Project to be built on ~260 acres in Dickens County, Texas; proceeds also fund debt service reserves.
- Offering is subject to market conditions; there is no assurance it will be completed on the described terms.
- Notes will be offered to QIBs under Rule 144A and to non-U.S. persons under Regulation S.