Galaxy Digital Subsidiary Completes $3.5B Senior Secured Notes Offering for Data Center Project

A wholly owned subsidiary of Galaxy Digital Inc. has completed a private offering of approximately $3.51 billion in senior secured notes. The proceeds are designated to finance the development and construction of a large-scale data center project in Dickens County, Texas.

Key Details

• Offering Size: The aggregate principal amount of the offering was $3,507,000,000 of 9.875% Senior Secured Notes due 2031.
• Use of Proceeds: Funds will be used for the construction of two data center buildings with a combined 400 MW of utility capacity on a 260-acre property in Texas.
• Issuer & Guarantee: The notes were issued by an indirect subsidiary, Galaxy Helios Data Centers II LLC. The company's indirect parent, Galaxy Digital Holdings LP, has provided an uncapped completion guarantee for the project.
• Terms: The notes were issued at 99.5% of their principal amount and mature on August 1, 2031. The first semi-annual interest payment is scheduled for February 1, 2027.