Galaxy Digital Inc. Enters Material Definitive Agreement
Ticker: GLXY · Form: 8-K · Filed: Aug 15, 2025 · CIK: 1859392
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: GLXY
TL;DR
Galaxy Digital just signed a big deal, creating a new financial obligation.
AI Summary
On August 15, 2025, Galaxy Digital Inc. entered into a material definitive agreement, creating a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event for the company.
Why It Matters
This filing indicates a new financial commitment or obligation for Galaxy Digital Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation without further details presents a medium level of risk due to potential undisclosed terms or impacts.
Key Players & Entities
- Galaxy Digital Inc. (company) — Registrant
- August 15, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 300 Vesey Street (address) — Principal executive offices
- New York (location) — City of principal executive offices
- 10282 (zip_code) — Zip code of principal executive offices
- 212-390-9216 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by Galaxy Digital Inc.?
The filing states that Galaxy Digital Inc. entered into a material definitive agreement, creating a direct financial obligation, but does not specify the details of the agreement itself.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated August 15, 2025.
In which state is Galaxy Digital Inc. incorporated?
Galaxy Digital Inc. is incorporated in Delaware.
What is the principal executive office address for Galaxy Digital Inc.?
The principal executive office address is 300 Vesey Street, New York, NY 10282.
What is the telephone number for Galaxy Digital Inc.?
The registrant's telephone number is (212) 390-9216.
Filing Stats: 1,014 words · 4 min read · ~3 pages · Grade level 13.9 · Accepted 2025-08-15 07:03:46
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 Par Value GLXY The Nasdaq Stock Market
- $1,400,000,000 — t. The Credit Agreement provides for a $1,400,000,000 senior secured term loan facility. Com
Filing Documents
- glxy-20250815.htm (8-K) — 29KB
- 0001859392-25-000039.txt ( ) — 142KB
- glxy-20250815.xsd (EX-101.SCH) — 2KB
- glxy-20250815_lab.xml (EX-101.LAB) — 21KB
- glxy-20250815_pre.xml (EX-101.PRE) — 12KB
- glxy-20250815_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 15, 2025, Galaxy Helios I LLC ("Galaxy Helios I"), a Delaware limited liability company and affiliate of Galaxy Digital Inc., a Delaware corporation ("Galaxy Digital"), entered into a Credit Agreement (the "Credit Agreement") by and among Galaxy Helios I, as borrower, Deutsche Bank AG, New York Branch, as initial lender, and GLAS USA LLC, in its capacity as administrative agent and collateral agent for the secured parties. The proceeds of the loans extended under the Credit Agreement will be used to finance the development and construction of a data center located in Dickens County, Texas (the "Project"), to pay for certain financing expenses and other expenses related to the Project, and to pay a one-time dividend to Galaxy Digital on the closing date to partially repay prior equity funding towards the Project. The Credit Agreement provides for a $1,400,000,000 senior secured term loan facility. Commitments under the Credit Agreement will mature on August 15, 2028, unless otherwise earlier terminated pursuant to the terms of the Credit Agreement. Galaxy Helios I may repay amounts borrowed and/or terminate the commitments under the Credit Agreement (in whole or part) at any time subject to the payment of a Prepayment Premium (as defined in the Credit Agreement). Borrowings under the Credit Agreement will bear interest based upon the applicable benchmark rate, plus a margin. As described in the Credit Agreement, the benchmark rate consists of one month Term SOFR, with a floor of 250 basis points, and the applicable margin is 4.75%. The Credit Agreement also includes additional ancillary fees, including upfront fees, undrawn fees and termination fees. The obligations under the Credit Agreement are secured by all assets of Galaxy Helios I and the equity interests in Galaxy Helios I. The obligations under the Credit Agreement are not secured by any assets of Galaxy Digital. Galaxy Digital Holdings LP
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GALAXY DIGITAL INC. Date: August 15, 2025 By: /s/ Anthony Paquette Anthony Paquette Chief Financial Officer