GLXY · Galaxy Digital

This 8-K filing reports that Galaxy Digital Inc.'s indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC, priced a $3.507 billion private offering of 9.875% senior secured notes due 2031. The high interest rate reflects the risk profile of the project finance structure. Proceeds are allocated to develop a large-scale data center campus in Dickens County, Texas, consisting of two buildings with a combined 400 MW of utility capacity and 260 MW of critical IT capacity, as well as debt service reserves. The notes will bear interest semi-annually and amortize at 4% per annum starting after project completion. Security includes first-priority liens on assets of the issuer and guarantor (Galaxy Helios II LLC) and equity interests held by the direct parent. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and is expected to close on July 28, 2026, subject to market conditions. This transaction significantly expands Galaxy's data center infrastructure financing, aligning with its strategy in digital assets and AI workloads.