On Tuesday, shares of Galaxy Digital Holdings Ltd. (GLXY.US) dropped more than 8% to $37.10. The decline followed the company's announcement on October 27 regarding a private placement of $1 billion in exchangeable senior notes. According to an earlier statement, these notes are set to mature in 2031. The company stated that it intends to use the net proceeds from the offering to support the growth of its core operations and potentially repay existing exchangeable preferred notes due in 2026.
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