DigitalBridge Offers $15.16 Cash Conversion for Series J Preferred Stock Following SoftBank Acquisition
DigitalBridge Group, Inc. has established change of control conversion rights for holders of its 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock following its acquisition by affiliates of SoftBank Group Corp. (TSE:9984) on September 30, 2026. Under the terms, investors can convert each Series J share into $15.16 in cash.
The conversion period remains open until the end of business on November 17, 2026. Shares that are not converted by this deadline will remain outstanding, with all original terms and conditions intact. DigitalBridge previously issued similar change of control notices to holders of its Series I and Series H preferred stock earlier in October.
Investors seeking to exercise their conversion rights must submit requests through their bank, broker, or designated conversion agent, Equiniti Trust Company, LLC. Preferred stockholders should review their options before the mid-November deadline to decide whether to redeem their holdings for cash or continue holding the securities.
Key points
- DigitalBridge Group, Inc. opened conversion rights for 7.125% Series J preferred stock after its acquisition by SoftBank Group Corp. (TSE:9984).
- Preferred shareholders can exchange each share for $15.16 in cash until November 17, 2026.
- Unconverted Series J preferred shares will remain outstanding under their existing terms.
- Similar conversion notices were distributed to Series I and Series H preferred stockholders earlier in October.
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How we writeDisclaimerQuestions and answers
How much cash will DigitalBridge Series J preferred stockholders receive upon conversion?
Holders of Series J Preferred Stock can convert each share into $15.16 in cash.
What is the deadline to convert DigitalBridge Series J preferred stock?
Eligible shareholders must exercise their conversion rights by the close of business on November 17, 2026.
What happens if DigitalBridge preferred shares are not converted?
Unconverted Series J shares will remain outstanding, and their terms and conditions will remain unchanged.