Galaxy Digital Inc. Announces $3.507B Senior Secured Notes Offering

What Happened Galaxy Digital Inc. filed an 8-K (July 24, 2026) announcing that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC, priced an offering of $3.507 billion aggregate principal amount of 9.875% Senior Secured Notes due 2031. The offering was priced on July 23, 2026 and is expected to close on July 28, 2026, subject to market and customary closing conditions. The company filed a press release about the pricing as Exhibit 99.1.

Key Details

• Offering size: $3.507 billion aggregate principal amount.
• Coupon and maturity: 9.875% interest rate, due 2031.
• Expected close date: July 28, 2026, subject to customary closing conditions.
• Placement: Offered only to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S.
• The 8-K notes forward‑looking caution—completion, final terms and use of proceeds are subject to risks and may change.

Why It Matters This transaction, if completed, would add a large amount of secured long‑term debt to Galaxy’s consolidated capital structure via a subsidiary, which can materially affect leverage and future interest expense. The notes are being sold to institutional investors (not a retail offering) and the closing is not guaranteed; the filing does not specify final use of net proceeds. Investors should monitor subsequent filings for closing confirmation, final terms, and any disclosures about how proceeds will be applied.