Transactions Further Simplify Corporate Balance Sheet
BOCA RATON, Fla.--(BUSINESS WIRE)--Apr. 22, 2024--
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced the exchanges and redemption of the remaining $78 million balance of its 5.75% Exchangeable Senior Notes due 2025 (“2025 Senior Notes”). The transactions resulted in the issuance of 8.2 million additional Class A common shares to exchanging noteholders, which have previously been included in the Company’s calculation of its fully diluted share count, and a cash payment of $5 million to redeem the remaining outstanding principal balance of the 2025 Senior Notes following the exchanges.
The Company has filed a prospectus supplement and a current report on Form 8-K with the Securities and Exchange Commission in connection with the registration of common shares issued to certain holders in exchange for their 2025 Senior Notes.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages over $80 billion of infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, Florida, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg, and Singapore.
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Investors:
Severin White
Managing Director
(212) 547-2777
severin.white@digitalbridge.com
Media:
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner / Sarah Salky
(212) 355-4449
dbrg-jf@joelefrank.com
Source: DigitalBridge Group, Inc.
