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

The notes, which are exchangeable for shares, will carry an interest rate of 3%.

AccessTimeIconNov 29, 2021 at 1:49 p.m. UTC
Updated Nov 29, 2021 at 4:15 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

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.

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Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

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