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Galaxy Digital to Sell $500M of Notes in Private Placement
The notes, which are exchangeable for shares, will carry an interest rate of 3%.
Updated May 11, 2023, 7:08 p.m. Published Nov 29, 2021, 1:49 p.m.
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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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