Galaxy Digital Inc. has announced its intention to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of exchangeable senior notes due 2031 in a private offering. The company also intends to grant initial purchasers an option to buy up to an additional $150.0 million aggregate principal amount of notes within a 13-day period from the first issuance date. The notes will be general senior, unsecured obligations of the issuer, accruing interest payable semi-annually in arrears and maturing on May 1, 2031, unless earlier repurchased, redeemed, or exchanged. The final terms of the offering, including the interest rate and initial exchange rate, will be determined at pricing. The notes and any common stock issuable upon exchange will not be registered under the U.S. Securities Act of 1933 and may only be offered to qualified institutional buyers. Proceeds from the offering will be used to support growth across core operating businesses and for general corporate purposes, including potential repayment of existing notes due 2026. The offering is subject to market conditions and TSX approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Digital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-013949), on October 30, 2025, and is solely responsible for the information contained therein.
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