DigitalBridge Group, Inc. announced the closing of two securitized financing note issuances totaling $500 million. Two of its subsidiaries, DigitalBridge Issuer, LLC and DigitalBridge Co-Issuer, LLC, closed the previously announced offering of $300 million aggregate principal amount of Series 2021-1 3.933% Secured Fund Fee Revenue Notes, Class A-2. Additionally, the Co-Issuers issued Series 2021-1 Secured Fund Fee Revenue Variable Funding Notes, Class A-1, which will allow the Co-Issuers to borrow up to $200 million on a revolving basis. The closing of the Series 2021-1 Notes represents a key milestone for DigitalBridge on a number of fronts: Longer-duration financing– The Series 2021-1 Notes will refinance the Company’s corporate credit facility, taking the effective maturity of its revolving credit from 2022 out to 2026; First DigitalBridge investment-grade rating – The Class A-2 Notes have received a credit rating of BBB from Kroll Bond Rating Agency; First-of-its-kind securitization – The Series 2021-1 Notes represent a first-of-its-kind securitization backed by investment management fees; Lower cost of capital – The successful rotation from “diversified to digital” has positioned the Company to issue securitized notes with a high-quality digital collateral base, which lowers its effective cost of capital; Greater flexibility – This new financing structure, which the Company intends to continue to utilize as it grows, creates greater flexibility around capital allocation and corporate liability management, including its ability to retire higher cost debt or securities and eventually pay regular dividends on its common stock. The Company estimates that the net proceeds from the Series 2021-1 Notes will be approximately $490.6 million after the payment of certain offering expenses and accounting for the full availability of the VFN Notes and the interest reserve deposit. The uses of proceeds are intended to include, but are not limited to, the acquisition of digital infrastructure investments, the funding of commitments to managed funds, the redemption or repayment of other corporate securities and/or general corporate purposes. Interest payments on the Series 2021-1 Notes are payable on a quarterly basis. The anticipated repayment date of the Class A-2 Notes is September 2026, and the anticipated repayment date of the VFN Notes is September 2024 (with the allowance of two further one-year extensions, subject to the satisfaction of certain customary conditions).