Galaxy Digital plans to issue $3.5 billion in junk bonds to finance Texas AI data centers
7x24h News
Galaxy Digital plans to issue $3.5 billion in junk bonds to finance Texas AI data centers
According to Bloomberg, Galaxy Digital plans to issue junk bonds for the first time, totaling approximately $3.5 billion, with the proceeds to be used for its Helios data center campus project located in Texas, which is associated with CoreWeave. The bonds are expected to yield approximately 9%, are jointly underwritten by Morgan Stanley and Goldman Sachs Group, and are expected to be priced this Thursday. This financing is the latest example of AI infrastructure construction extending into the high-risk sector of the U.S. credit market.
Navigating Web3 tides with focused insightsTechFlow reports, July 23, according to Bloomberg, Galaxy Digital plans to issue junk bonds for the first time, raising approximately $3.5 billion. The proceeds will be used for its Helios data center campus project located in Texas, which is associated with CoreWeave. The bonds are expected to yield approximately 9%, jointly underwritten by Morgan Stanley and Goldman Sachs Group, and are expected to be priced this Thursday. This financing is the latest case of AI infrastructure construction extending into the high-risk sector of the U.S. credit market.
