Galaxy Digital plans $3.507B senior secured notes to finance 400 MW Helios data center

Galaxy Digital announced a proposed $3.507 billion private offering of senior secured notes to fund Phase II of its Helios data center development.

Key Highlights:

• Issuer to offer $3.507B aggregate principal amount of senior secured notes due 2031 in a Rule 144A/Reg S private placement.
• Net proceeds intended to finance development of two buildings totaling 400 MW utility capacity and 260 MW critical IT capacity in Dickens County, Texas.
• Project leased to CoreWeave with 15‑year base term, ~13.7% starting gross yield on cost and targeted Q2'27 rent commencement.
• Illustrative financials show strong projected NOI margins (~90%) and cumulative post‑debt service cash flow growing to ~$3.8B by 2043.
• No assurance offering will occur or close on described terms; presentation includes forward‑looking projections and disclaimers.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.