Galaxy Helios Data Centers II prices $3.51 billion 9.875% senior secured notes due 2031 - GLXY News | RalliesGalaxy Helios Data Centers II prices $3.51 billion 9.875% senior secured notes due 2031
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GLXY• Notes priced for Texas data center project
- Galaxy Helios Data Centers II priced a $3.51 billion private offering of 9.875% senior secured notes due 2031.
- Proceeds are earmarked for a Texas data center project with 400 MW utility capacity, along with debt service reserves.
- The notes pay semiannual cash interest starting Feb. 1, 2027 and mature Aug. 1, 2031.
- The notes will amortize 4% annually after project completion.
- Galaxy Helios II will guarantee the notes, and the security package includes first-priority liens on most assets and equity interests of the issuer.
- The offering is expected to close July 28, 2026, subject to market conditions.
