Galaxy Digital to Sell $500M of Notes in Private Placement

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Galaxy Digital said it agreed to sell $500 million worth of notes exchangeable for shares in a private placement.

  • The crypto conglomerate agreed sell the 3% senior notes to qualified institutional buyers, Galaxy announced Monday.
  • The notes will be exchangeable for shares in Galaxy Digital Inc., a newly formed Delaware holding company.
  • They will mature on Dec. 15, 2026 unless exchanged, redeemed or repurchased earlier.
  • Galaxy Digital intends to use the capital raised to fund growth initiatives across the business.

Read more: Galaxy Digital Reports Q3 Earnings of $517M


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