Galaxy Digital announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC, has priced a $3.507 billion private offering of 9.875% senior secured notes due 2031. The offering is expected to close on July 28, 2026, subject to market and other conditions.
The issuer intends to use net proceeds to finance a portion of the development and construction of two buildings containing eight data halls, with a combined 400 megawatts of utility capacity and 260 megawatts of critical IT capacity, to be built on an approximately 260-acre property in Dickens County, Texas, as well as to fund debt service reserves.
The notes will bear interest payable semi-annually beginning February 1, 2027, and will mature on August 1, 2031, amortizing at a rate of 4.00% per annum of the original principal amount. The notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC and secured by first-priority liens on substantially all assets of the issuer and guarantor. The notes have not been registered under the Securities Act and are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
Galaxy Digital’s 1.63 gigawatt Helios campus in Texas positions the company among the largest and fastest-growing data center developers in North America.
