secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Digital Inc. (GLXY)
CIK:        0001859392
Form:       8-K
Filed at:   2026-07-24T10:02:16+00:00
Accession:  0001859392-26-000074
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Galaxy Digital subsidiary prices $3.507B 9.875% senior secured notes due 2031 for data center project
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859392/000185939226000074/0001859392-26-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859392/000185939226000074/glxy-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001859392-26-000074

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