Galaxy Digital Inc. completed a private offering of $3,507,000,000 aggregate principal amount of 9.875% Senior Secured Notes due 2031. The notes were issued at 99.500% of their principal amount and are secured obligations of subsidiary Galaxy Helios Data Centers II LLC, guaranteed by Galaxy Helios II LLC. Interest is payable semi-annually in arrears on February 1 and August 1, beginning February 1, 2027. The issuer intends to use net proceeds to finance the development and construction of two data center buildings in Dickens County, Texas, featuring 400 MW of utility capacity and 260 MW of critical IT capacity, and to fund debt service reserves. Galaxy LP provided an uncapped completion guarantee for the project. Galaxy Digital Inc. operates in the cryptocurrency and blockchain infrastructure sector, providing financial services and data center development.
