Other DebtActive
Galaxy Helios I Senior Secured Term Loan
GLXY-H1TL
$29.17▲ 3.77%
BTC Holdings
6,894 BTC
Total Debt
$3.03B
Leverage
381.9%
mNAV
20.56x
Outstanding
$877.99M
Issue date
2025-08-15
Principal
$1.40B
Coupon
—
Maturity
2028-08-15
Conversion price
—
- Borrower is Galaxy Helios I LLC (subsidiary); Galaxy Digital Holdings LP provides completion and limited recourse carve-out guarantees
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Term loan
- Rate type
- Floating
- Rate reference
- SOFR + 475 bps (250 bps SOFR floor)
- Collateral
- All assets of Galaxy Helios I LLC and its equity interests
- Covenants
- Min DSCR 1.40 after stabilization; max LTC ratio 80% until stabilization
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Draw | $877.99M |
| 2025-09-30 | Draw | $433.47M |
| 2025-08-15 | Issuance | $1.40B |
- 2025-12-31 — $877,987,000Note 19 — Loans and Notes Payable
- 2025-09-30 — $433,471,000Note 18 — Loans and Notes Payable
- 2025-08-15 — $1,400,000,000