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

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

By Jamie Crawley

Nov 29, 2021 at 1:49 p.m. UTC

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

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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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.

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Galaxy Digital Note Offering Debt

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