Galaxy priced $3.507 billion of 9.875% senior secured notes due 2031 to finance part of a 400 MW data center development.
Key Highlights:
- Issuer priced $3.507B of 9.875% senior secured notes due Aug 1, 2031; expected close July 28, 2026, subject to conditions.
- Notes bear 9.875% interest, paid semi‑annually starting Feb 1, 2027, with 4.00% annual amortization after project completion.
- Proceeds intended to fund development of two buildings with eight data halls totaling 400 MW utility / 260 MW IT capacity in Dickens County, Texas.
- Notes are senior secured, guaranteed by wholly owned subsidiary and secured by first‑priority liens on issuer and guarantor assets.
- Offering is private to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S; not registered under the Securities Act.
Original SEC Filing:
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