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DigitalBridge completes swap of 5.75% exchangeables due 2025
Chicago, Nov. 24 – DigitalBridge Group, Inc. and DigitalBridge Operating Co. LLC announced the completion of two privately negotiated transactions resulting in the exchange of 53,325,348 shares of the company’s class A common stock for $117,287,000 total amount of 5.75% exchangeable senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.
The company issued 48,347,183 shares of stock to noteholders in exchange for $106,337,000 of notes, and paid interest of $2.2 million in cash to those noteholders. The exchange was announced on Nov. 16.
In the second exchange, announced on Nov. 18, the company issued 4,987,165 shares of common stock for $10.95 million principal amount of notes and paid interest or around $200,000 in cash.
The digital infrastructure real estate investment trust is based in Boca Raton, Fla.
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