Goodwin’s Capital Markets team advised the initial purchasers on Galaxy Digital Holdings LP’s Rule 144A offering of $402.5 million aggregate principal amount of 2.500% Exchangeable Senior Notes due 2029. The notes are initially exchangeable for TSX-listed ordinary shares of Galaxy Digital Holdings Ltd., a Cayman Islands company, and following Galaxy’s proposed reorganization of its corporate structure and re-domiciliation to the United States, will be exchangeable for shares of Class A common stock of Galaxy Digital Inc., a Delaware company.
Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing a diversified client base, including institutions and qualified individuals, access to the growing digital economy. Galaxy’s full suite of services spans three complementary operating businesses: global markets, asset management and digital infrastructure solutions.
Goodwin’s product team consisted of Jim Barri, John Servidio and Kim de Glossop. The corporate team consisted of Ben Marsh, Jon Burr, Li Chang, Nikki Miller and Madison Clausius. The regulatory and specialist teams consisted of Mitzi Chang and Meghan Spillane (Digital Currency & Blockchain); Nick Losurdo, Greg Larkin and Chris Grobbel (FIN); Sammy Tang (AML); Dan Karelitz and Garrett Gaughan (Tax); Jason Wilcox (Global Trade); Jackie Klosek (Privacy); Jia Jia Huang (IP); and Patrick Menasco (ERISA)
For more information, please see Galaxy’s Pricing Press Release for the offering.