We advised Galaxy on its offering

Davis Polk advised Galaxy Digital Holdings LP in connection with its Rule 144A offering of $402.5 million aggregate principal amount of 2.500% exchangeable senior notes due 2029, which included $52.5 million aggregate principal amount of notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. The notes are initially exchangeable for TSX-listed ordinary shares of Galaxy Digital Holdings Ltd., a Cayman Islands exempted 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 holding company.

Galaxy 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.

The Davis Polk corporate team included partners Dan Gibbons and Joseph A. Hall, counsel Joze Vranicar and associates Fei Deng and Sakiko Nishida. The equity derivatives team included partner Derek Walters and counsel Faisal Baloch. The financial institutions team included partners Gabe Rosenberg and Zachary J. Zweihorn. Partner Gregory S. Rowland provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

 

Copy link to share post