debt
confidence high
sentiment neutral
materiality 0.75
Galaxy Digital subsidiary prices $3.507B 9.875% senior secured notes due 2031 for data center project
Galaxy Digital Inc.
- Issuer: Galaxy Helios Data Centers II LLC, indirect wholly owned subsidiary of Galaxy Digital Inc.
- Notes: $3.507B aggregate principal, 9.875% interest, semi-annual payments, maturity August 1, 2031.
- Proceeds to finance two buildings with eight data halls: 400 MW utility capacity, 260 MW critical IT on 260-acre site in Dickens County, TX.
- Notes amortize at 4% per annum of original principal; first amortization payment at least 10 months after project completion.
- Expected close July 28, 2026; secured by first-priority liens on substantially all assets of Issuer and Guarantor.