ConvertibleActive
2.5% Convertible Notes due 2029
GLXY-Dec29
$29.58▼ 1.83%
BTC Holdings
18,380 BTC
Total Debt
$3.22B
Leverage
170.8%
mNAV
8.54x
Outstanding
$402.50M
Insufficient history
Issue date
2024-11-25
Principal
$402.50M
Coupon
2.50%
Maturity
2029-12-01
Conversion price
$23.81
ITM Status
ITM (+24.2%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Jun 1, Dec 1
- Rate type
- Fixed
- Forced conversion
- On or after Dec 6, 2027, if stock >= 130% of exchange price for specified period
- Put provision
- At 100% of principal plus accrued interest upon fundamental change
- Use of proceeds
- Helios data center build-out, general corporate purposes, including potential repurchases of existing indebtedness
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2024-11-25 | Issuance | $402.50M Includes $52.5M overallotment |
- 2024-11-25 — $402,500,000