Saturday, August 23, 2025

Galaxy Digital Announces US$500 Million Senior Notes Offering

Galaxy Digital (TSX: GLXY) is looking to raise $500 million. The firm this morning announced the pricing of a exchangeable senior notes offering, which will be used towards accelerating growth.

The company intends to raise US$500 million via the sale of exchangeable senior unsecured notes dude 2026. The debt is to bare interest at a rate of 3.00% per annum, and is exchangeable for cash or shares at the issuers election.

In terms of the per-share exchange ratio, the company has indicated that $250,000 in principal amount of notes will be convertible to 7,498.2210 ordinary shares of the company. In simpler terms, the debt can be converted to shares at a price of US$33.3412 per share. Certain events that were undisclosed are said to increase the exchange rate as well.

The notes themselves cannot be converted before December 15, 2024, and are payable semi-annually.

The financing is expected to close in early December, with participants said to include affiliates of NZ Funds, Arca, XN, and Senator Investment Group.

Galaxy Digital last traded at $33.48 on the TSX.


Information for this briefing was found via Sedar and Galaxy Digital. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Bitcoins Tumble Forces Bitfarms To Sell BTC To Meet Collateral Requirements

At least one cryptocurrency miner is feeling the impact of falling market sentiment, and as...

Friday, June 17, 2022, 03:31:00 PM

Galaxy Digital: BMO Cuts Price Target To $14 After BitGo Purchase Falls Apart

Galaxy Digital (TSX: GLXY) yesterday announced that it would be terminating its acquisition of BitGo...

Tuesday, August 16, 2022, 12:26:49 PM

Galaxy Digital Posts $517 Million Net Income For Q3 2021

Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q3 2021 financial results, which saw...

Monday, November 15, 2021, 11:52:00 AM

Galaxy Digital To Acquire BitGo For $1.2 Billion

Galaxy Digital (TSX: GLXY) this morning announced that it has enetered into an arrangement to...

Wednesday, May 5, 2021, 07:21:26 AM

Bitfarms Forced To Sell Additional Bitcoin Due To Crypto-Backed Credit Facility

It appears our analysis last week on Bitfarms Ltd (TSX: BITF) was close to being...

Tuesday, June 21, 2022, 08:48:17 AM