Galaxy Digital subsidiary issues $3.5B of 9.875% senior secured notes due 2031 for data center project

Galaxy Digital Inc.

Issuer Galaxy Helios Data Centers II LLC sold $3.507B aggregate principal of 9.875% Senior Secured Notes due 2031 at 99.5% of par.
Net proceeds to finance development of two data center buildings with 400 MW utility capacity and 260 MW critical IT capacity in Dickens County, Texas.
Notes mature August 1, 2031; interest payable semi-annually starting Feb 1, 2027; principal amortizes semi-annually after project completion.
Galaxy Digital Holdings LP provides uncapped completion guarantee for the project to ensure funds for delivery to tenant CoreWeave.
Indenture includes customary covenants and events of default; redemption provisions include make-whole premium and change of control repurchase at 101%.

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