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DigitalBridge (NYSE: DBRG) plans up to $1.05B ArcLight acquisition

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

DigitalBridge Group has agreed to acquire ArcLight Capital Holdings, a power and electric infrastructure investor, under an Agreement and Plan of Merger. The company will pay a base purchase price of $650 million, plus cash earn-out payments tied to ArcLight’s fee-related earnings for calendar years ending 2027, 2028 and 2029. A related press release describes total potential consideration of up to $1.05 billion, including contingent amounts.

DigitalBridge plans to fund the acquisition with balance-sheet cash and a senior secured bridge loan facility of up to $500 million committed by Barclays. Closing is conditioned on completion of SoftBank Group’s pending acquisition of DigitalBridge, as well as regulatory clearances from antitrust, foreign investment, energy and communications authorities and requisite limited partner consents. The combined platforms would manage more than $150 billion in assets across digital and power infrastructure, positioning the business at the intersection of data, connectivity and electrification trends.

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Insights

DigitalBridge adds a major power infrastructure platform, contingent on SoftBank’s takeover and new debt financing.

The acquisition of ArcLight for a base $650 million plus up to $400 million in earn-outs expands DigitalBridge from pure digital infrastructure into power and electrification. Management highlights a combined asset base over $150 billion, with ArcLight contributing 70 GW of generation and 48,000 miles of transmission and storage assets.

Financing relies on balance-sheet cash and a $500 million senior secured bridge loan from Barclays, adding leverage around closing. The deal cannot close unless the SoftBank acquisition of DigitalBridge is completed and multiple regulatory approvals and limited partner consents are obtained, so timing and certainty depend on these external processes.

ArcLight will remain a separately managed business within the platform, with founder Daniel Revers becoming Vice Chairman of DigitalBridge and key leaders retaining operating roles. Future filings around regulatory clearances, financing terms and SoftBank’s closing will clarify execution progress and integration pace.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Base purchase price for ArcLight $650 million Aggregate purchase price under ArcLight Agreement
Total potential transaction value $1.05 billion Base price plus up to $400 million contingent consideration
Bridge loan facility $500 million Senior secured bridge committed by Barclays to Merger Sub
Earn-out period 2027–2029 Cash earn-outs based on fee-related earnings for calendar years
Combined assets under management More than $150 billion DigitalBridge and ArcLight combined platforms
ArcLight generation portfolio Over 70 GW Owned, controlled or operated generation assets since 2001
Transmission and storage mileage 48,000 miles Electric and gas transmission and storage infrastructure
Development pipeline Exceeding 15 GW ArcLight power development pipeline
Agreement and Plan of Merger regulatory
"entered into an Agreement and Plan of Merger (the “ArcLight Agreement”)"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
earn-out payments financial
"provides for cash earn-out payments based on ArcLight’s fee-related earnings"
Earn-out payments are extra sums promised to the seller of a business that are paid later only if the company meets agreed performance targets, such as revenue or profit levels. They matter to investors because they shift some acquisition risk from the buyer to the seller, affect future cash flow and reported purchase price, and can change how much value is ultimately paid for an acquisition—think of it like a performance bonus tied to how well the bought business performs.
Hart-Scott-Rodino Antitrust Improvements Act of 1976 regulatory
"expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976"
Committee on Foreign Investment in the United States regulatory
"including among other things, the expiration or early termination ... the Committee on Foreign Investment in the United States"
A U.S. government interagency committee that reviews foreign purchases or investments in American companies to determine whether they pose national security risks. Think of it as a national security checkpoint for deals: its approval, rejection, or conditions can change whether a transaction goes through, how quickly it closes, or what obligations the buyer must accept, so investors must factor potential review, delay, or forced changes into deal valuation and risk.
senior secured bridge loan facility financial
"Barclays has committed to provide the entire principal amount of a senior secured bridge loan facility"
A senior secured bridge loan facility is a short-term loan that gives the lender first claim on a borrower’s assets—similar to a mortgage lender being first in line if a house is sold—and is intended to cover immediate cash needs until longer-term financing is arranged. It matters to investors because it changes a company’s risk profile and repayment priority: this debt must be repaid before other creditors, often carries higher interest or strict terms, and can affect future financing, equity value, and bankruptcy outcomes.
limited partner consents financial
"subject to customary closing conditions, including required regulatory approvals, requisite limited partner consents"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

DATE OF REPORT (Date of earliest event reported): May 23, 2026

 

 

 

DIGITALBRIDGE GROUP, INC.

(Exact Name of Registrant as Specified in Its Charter)  

 

 

 

Maryland   001-37980   44-4591526
(State or Other Jurisdiction
of
Incorporation or
Organization)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

750 Park of Commerce Drive, Suite 210

Boca Raton, Florida 33487

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: (561) 570-4644

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Class A Common Stock, $0.01 par value   DBRG   New York Stock Exchange
Preferred Stock, 7.125% Series H Cumulative Redeemable, 0.01 par value   DBRG.PRH   New York Stock Exchange
Preferred Stock, 7.15% Series I Cumulative Redeemable, 0.01 par value   DBRG.PRI   New York Stock Exchange
Preferred Stock, 7.125% Series J Cumulative Redeemable, 0.01 par value   DBRG.PRJ   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

 

Emerging growth company  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨  

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On May 23, 2026 (the “Signing Date”), DigitalBridge Group, Inc., a Maryland corporation (the “Company”), entered into an Agreement and Plan of Merger (the “ArcLight Agreement”) with DigitalBridge Operating Company, LLC, a Delaware limited liability company (“Company OP”), DB Marley Sub, LLC, a Delaware limited liability company (“Merger Sub”), ArcLight Capital Holdings, LLC, a Delaware limited liability company (“ArcLight”), ACHP II, L.P., a Delaware limited partnership, in its capacity as managing member of ArcLight (“ACHP II”), and Daniel R. Revers, in his capacity as the representative of the Company Owners (as defined in the ArcLight Agreement) (the “Seller Representative”).

 

Subject to the terms and conditions in the ArcLight Agreement, the Company has agreed to acquire ArcLight for an aggregate purchase price of $650 million, subject to a customary post-closing purchase price adjustment (the “ArcLight Transaction”). In addition, the ArcLight Agreement provides for cash earn-out payments based on ArcLight’s fee-related earnings for each of the calendar years ending December 31, 2027, December 31, 2028 and December 31, 2029, subject to the terms and conditions set forth in the ArcLight Agreement. 

 

The consummation of the ArcLight Transaction is subject to the prior completion of the acquisition of the Company (the “SoftBank Transaction”) pursuant to that certain Agreement and Plan of Merger, dated as of December 29, 2025, by and among the Company, Company OP, Duncan Holdco LLC, a Delaware limited liability company, Duncan Sub I Inc., a Maryland corporation, and Duncan Sub II LLC, a Delaware limited liability company (the “SoftBank Merger Agreement”). The consummation of the ArcLight Transaction is subject to certain additional closing conditions, including among other things, the expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the Committee on Foreign Investment in the United States, the Federal Energy Regulatory Commission and the Federal Communications Commission.

 

Each party has agreed to use its efforts (subject to the applicable standards set forth in the ArcLight Agreement) to file and obtain all governmental and regulatory consents and approvals in order to consummate the ArcLight Transaction, but in no event will the Company or any of its affiliates be required, among other things, to take any action that would reasonably be expected to hinder, delay, obstruct, enjoin, restrict, restrain or otherwise prevent the consummation of the SoftBank Transaction (other than in de minimis respects) or that is not conditioned upon the consummation of the ArcLight Transaction.

 

 

 

 

The ArcLight Agreement contains customary termination rights for the Company and ArcLight, including, among others: (a) the right of either party to terminate if the ArcLight Transaction has not been consummated on or before the later of (i) the date that is six months after the SoftBank Transaction has been consummated and (ii) March 31, 2027, subject to extension in certain circumstances; (b) the right of either party to terminate if the SoftBank Merger Agreement is validly terminated in accordance with its terms; (c) the right of ArcLight to terminate if the SoftBank Transaction is not consummated on or before March 31, 2027 and (d) the right of ArcLight to terminate if the ArcLight Transaction has not been consummated on or before March 31, 2027 (subject to extension in certain circumstances) and, at such time all other conditions to closing are satisfied (or capable of being satisfied), including the consummation of the SoftBank Transaction, except for the receipt of certain regulatory approvals related to the ArcLight Transaction.

 

The ArcLight Agreement contains representations and warranties, and covenants, of the parties customary for a transaction of this nature, including regarding the conduct of ArcLight prior to the closing of the ArcLight Transaction. The foregoing description of the ArcLight Agreement does not purport to be complete and is qualified in its entirety by reference to the ArcLight Agreement, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference.

 

The ArcLight Agreement has been included to provide investors with information regarding its terms. It is not intended to provide any other factual information about the Company, ArcLight or their respective subsidiaries or affiliates. The representations, warranties and covenants contained in the ArcLight Agreement were made only for the purposes of the ArcLight Agreement and as of specific dates, were solely for the benefit of the parties to the ArcLight Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the ArcLight Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors are not third-party beneficiaries under the ArcLight Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the ArcLight Agreement, which subsequent information may or may not be fully reflected in the Company’s public disclosures.

 

Debt Financing

 

The Company intends to fund the cash consideration for the ArcLight Transaction through a combination of cash from its balance sheet and debt financing. In connection with the ArcLight Transaction, on May 23, 2026, Merger Sub entered into a commitment letter with Barclays Bank PLC (“Barclays”), pursuant to which Barclays has committed to provide the entire principal amount of a senior secured bridge loan facility in an aggregate principal amount of up to $500 million upon closing of the Arclight Transaction (and following the SoftBank Transaction), subject to customary conditions.

 

 

 

 

Item 7.01Regulation FD Disclosure.

 

On May 27, 2026, the Company issued a press release announcing the execution of the ArcLight Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Forward-Looking Statements

 

Some of the statements contained in this current report constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act, and we intend such statements to be covered by the safe harbor provisions contained therein. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. 

 

The forward-looking statements contained in this current report reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from those expressed in any forward-looking statement. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i) uncertainties as to the timing of the ArcLight Transaction and the SoftBank Transaction; (ii) the risk that the ArcLight Transaction and/or the SoftBank Transaction may not be completed on the anticipated terms in a timely manner or at all; (iii) the failure to satisfy any of the conditions to the consummation of the ArcLight Transaction and/or the SoftBank Transaction; (iv) the possibility that any or all of the various conditions to the consummation of the ArcLight Transaction and/or SoftBank Transaction may not be satisfied, in a timely manner or at all, or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the ArcLight Agreement and/or the SoftBank Merger Agreement, including in circumstances which would require the Company to pay a termination fee; (vi) the effect of the announcement or pendency of the ArcLight Transaction and/or the SoftBank Transaction on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) costs relating to the ArcLight Transaction and the SoftBank Transaction (including in respect of the financing of the ArcLight Transaction) may be greater than expected; (viii) risks related to diverting management’s attention from the Company’s ongoing business operations; (ix) the risk that litigation in connection with the ArcLight Transaction, the SoftBank Transaction or the outcome of any other legal proceedings that may be instituted against the Company, ArcLight, SoftBank and/or others relating to the ArcLight Transaction and/or the SoftBank Transaction may result in significant costs of defense, indemnification and liability; (x) certain restrictions during the pendency of the SoftBank Transaction that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (xi) risks that the benefits of the ArcLight Transaction and/or the SoftBank Transaction are not realized when and as expected; (xii) the risk that the Company’s, SoftBank’s and/or ArcLight’s businesses will be adversely impacted during the pendency of the acquisitions; (xiii) legislative, regulatory and economic developments; and (xiv) (A) the risk factors described in Part I, Item 1A of Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and (B) the other risk factors identified from time to time in the Company’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov and on the Company’s website. These forward-looking statements speak only as of the date of this current report. The Company undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this current report or to reflect actual outcomes, except as otherwise required by law.

 

 

 

 

While forward-looking statements reflect our good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes. Moreover, because we operate in a very competitive and rapidly changing environment, new risk factors are likely to emerge from time to time. We caution investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures we make concerning risks in Part I, Item 1A. “Risk Factors” and in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Readers of this current report should also read our other periodic filings made with the SEC and other publicly filed documents for further discussion regarding such factors.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number

 

Description

2.1*   Agreement and Plan of Merger, dated as of May 23, 2026, by and among the Company, Company OP, Merger Sub, ArcLight, ACHP II, and the Seller Representative
99.1   Press Release, dated May 27, 2026
104   The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

 

* Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules upon request by the SEC.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 27, 2026

 

  DIGITALBRIDGE GROUP, INC.
     
By: /s/ Thomas Mayrhofer
  Name: Thomas Mayrhofer
  Title: Executive Vice President, Chief Financial Officer and Treasurer

 

 

 

Exhibit 99.1

 

DigitalBridge and ArcLight Announce Strategic Combination to Form a Leading Alternative Asset Manager at the Convergence of Power, AI, and Digital Infrastructure

 

ArcLight Will Continue to Operate as a Distinct Business Within DigitalBridge Group Following the Completion of SoftBank Group’s Pending Acquisition of DigitalBridge Group

 

BOCA RATON, Fla. and BOSTON - May 27, 2026 DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global alternative asset manager dedicated to digital infrastructure, today announced that it has entered into a definitive agreement to acquire ArcLight Capital Partners, LLC (“ArcLight”), one of North America's leading specialist investors in power and electric infrastructure, for a total transaction value of up to $1.05 billion. The consideration includes a base purchase price of $650 million, plus up to an additional $400 million of contingent consideration. The combination forms a leading alternative asset manager at the convergence of power, AI, and digital infrastructure, bringing together two specialist platforms with combined assets representing more than $150 billion.

 

Since ArcLight’s founding in 2001, ArcLight has owned, controlled, or operated over 70 GW of generation assets and 48,000 miles of electric and gas transmission and storage infrastructure, representing more than $90 billion of enterprise value. The firm operates one of the largest private power generation portfolios and development pipelines in North America, supported by an integrated platform of strategic, technical, operational, and commercial specialists, including an 85-person power development organization with a pipeline exceeding 15 GW.

 

The transaction is conditioned upon completion of the previously announced acquisition of DigitalBridge by an affiliate of SoftBank Group Corp. (the “SoftBank Acquisition”) and will not alter or affect the terms of or consideration payable under the SoftBank Acquisition.

 

With SoftBank Group’s leadership across the global technology and AI landscape, the transaction will bring together two leading investment managers in the digital infrastructure and power infrastructure sectors - forming a platform with the scale, development capabilities, and relationships - to invest behind growing demand for compute, connectivity, and power. The combination is expected to enable new investment solutions that draw on the specialist expertise of both firms to mobilize capital for future power and digital infrastructure development across North American and global markets.

 

“Digital infrastructure is a specialist business, and ArcLight has operated with that same philosophy in power infrastructure for more than two decades, building deep expertise across power, renewables, batteries, transmission, and midstream infrastructure,” said Marc Ganzi, Chief Executive Officer of DigitalBridge. “The shared conviction that specialization creates durable advantages is foundational to this combination and expands what we can deliver for our limited partners and customers. AI is rewiring the global power equation, accelerating investment across generation, transmission, and behind-the-meter infrastructure. We believe the firms best positioned for this next phase of growth will be those that are able to underwrite both digital and energy infrastructure with equal depth and credibility. Together, DigitalBridge and ArcLight will help create a scaled infrastructure platform positioned for that convergence. We are privileged to welcome Daniel Revers, Angelo Acconcia, Jake Erhard, and the broader ArcLight team to DigitalBridge as we continue building differentiated infrastructure capabilities together.”

 

 

 

 

“I founded ArcLight in 2001, as one of the first dedicated power infrastructure investment platforms, and more than two decades later we are taking another significant step toward building a platform for the growing convergence of power, AI, and digital infrastructure,” said Mr. Revers, Founder of ArcLight. “As demand for compute, connectivity, and electrification continues to accelerate, we believe the next phase of infrastructure investing will increasingly require integrated expertise across both power and digital infrastructure. This combination builds on ArcLight’s strong foundation and creates new opportunities for our investors, customers, and partners, while preserving the independence, discipline, and long-term focus that has defined our business since inception. By combining ArcLight’s deep experience across power infrastructure with DigitalBridge’s global digital infrastructure platform and longstanding relationships across the hyperscale ecosystem, and SoftBank Group’s broader technology and AI leadership, we believe the combined platform will be well positioned to support the next generation of infrastructure development.”

 

“Meeting the power demands of AI infrastructure, reshoring, and electrification is a generational opportunity. Power has become the critical bottleneck for digital infrastructure buildout, and solving it takes expertise and dedicated people,” said Mr. Acconcia, Managing Partner of ArcLight. “We’ve built 25 years of technical knowledge, regulatory relationships, and operational depth in electrification infrastructure. Over the past five years alone, we have significantly expanded our team, resources, and capabilities to create an integrated platform to meet this need at scale. ArcLight looks forward to building on this momentum in partnership with DigitalBridge as we execute on an integrated approach to powering the digital economy.”

 

ArcLight will operate as a separately managed business as part of the DigitalBridge platform. ArcLight will maintain continuity in its investment processes consistent with its long-standing commitments to limited partners, including its focus on targeting attractive risk-adjusted returns and DPI, disciplined risk management, and partnership-based approach, which will remain intact.

 

Upon completion of the transaction, and as part of the ArcLight team’s long-term commitment to the continued growth of the platform, Mr. Revers will serve as Vice Chairman of DigitalBridge. Mr. Acconcia will serve as Managing Partner of ArcLight, continuing his day-to-day leadership of the firm. Mr. Erhard, currently a Partner at ArcLight, will become Senior Partner.

 

 

 

 

Transaction Details

 

The transaction is subject to customary closing conditions, including required regulatory approvals, requisite limited partner consents, and the completion of the SoftBank Acquisition. The merger agreement will be filed with the SEC.

 

Barclays is acting as financial advisor and sole committed financing provider to DigitalBridge. Simpson Thacher & Bartlett LLP is serving as legal counsel to DigitalBridge, along with Morgan, Lewis, & Bockius as regulatory counsel. Morgan Stanley & Co. LLC is serving as financial advisor, and Kirkland & Ellis LLP is serving as legal counsel to ArcLight. Sullivan & Cromwell LLP is serving as legal counsel to SoftBank Group, along with Morrison & Foerster LLP and Covington & Burlington LLP as regulatory counsel.

 

About DigitalBridge Group, Inc.

 

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East, and Asia. References to "DigitalBridge" herein refers to DigitalBridge Group, Inc. and/or its managed investment vehicles, as the context requires. For more information, visit www.digitalbridge.com.

 

About ArcLight Capital Partners

 

ArcLight is a leading infrastructure investor which has been investing in critical electrification infrastructure since its founding in 2001. ArcLight has owned, controlled or operated over 70 GW of assets and 48,000 miles of electric and gas transmission and storage infrastructure representing more than $90 billion of enterprise value. ArcLight has a long and proven history of value-added investing across its core investment sectors including power, hydro, solar, wind, battery storage, electric transmission, natural gas transmission, storage infrastructure and digital power to support the growing need for power, reliability, security, and sustainability. ArcLight's team employs an operationally intensive investment approach that benefits from its dedicated in-house strategic, technical, operational, and commercial specialists, as well as the firm's ~2,000-person asset management partner. References to "ArcLight" herein refers to ArcLight Capital Partners, LLC and/or its managed investment vehicles, as the context requires. For more information, please visit www.arclight.com.

 

 

 

 

Forward-Looking Statements

 

Some of the statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act, and we intend such statements to be covered by the safe harbor provisions contained therein. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.

 

The forward-looking statements, including but not limited in respect of any targeted returns, contained in this press release reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from those expressed in any forward-looking statement. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i) uncertainties as to the timing of the ArcLight transaction and the SoftBank Group transaction; (ii) the risk that the ArcLight transaction and/or the SoftBank Group transaction may not be completed on the anticipated terms in a timely manner or at all; (iii) the failure to satisfy any of the conditions to the consummation of the ArcLight transaction and/or the SoftBank Group transaction; (iv) the possibility that any or all of the various conditions to the consummation of the ArcLight transaction and/or SoftBank Group transaction may not be satisfied, in a timely manner or at all, or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the ArcLight merger agreement and/or the SoftBank Group merger agreement, including in circumstances which would require DigitalBridge to pay a termination fee; (vi) the effect of the announcement or pendency of the ArcLight transaction and/or the SoftBank Group transaction on DigitalBridge’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) costs relating to the ArcLight transaction and the SoftBank Group transaction (including in respect of the financing of the ArcLight transaction) may be greater than expected; (viii) risks related to diverting management’s attention from DigitalBridge’s ongoing business operations; (ix) the risk that litigation in connection with the ArcLight transaction, the SoftBank Group transaction or the outcome of any other legal proceedings that may be instituted against DigitalBridge, ArcLight, SoftBank Group and/or others relating to the ArcLight transaction and/or the SoftBank Group transaction may result in significant costs of defense, indemnification and liability; (x) certain restrictions during the pendency of the SoftBank Group transaction that may impact DigitalBridge’s ability to pursue certain business opportunities or strategic transactions; (xi) risks that the benefits of the ArcLight transaction and/or the SoftBank Group transaction are not realized when and as expected; (xii) the risk that DigitalBridge’s, SoftBank Group’s and/or ArcLight’s businesses will be adversely impacted during the pendency of the acquisitions; (xiii) legislative, regulatory and economic developments; and (xiv) (A) the risk factors described in Part I, Item 1A of Risk Factors in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2025 and (B) the other risk factors identified from time to time in DigitalBridge’s and/or ArcLight’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov and/or on DigitalBridge’s website. These forward-looking statements speak only as of the date of this press release. Neither DigitalBridge nor ArcLight undertakes any obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes, except as otherwise required by law.

 

 

 

 

While forward-looking statements reflect our good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes. Moreover, because we operate in a very competitive and rapidly changing environment, new risk factors are likely to emerge from time to time. We caution investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures DigitalBridge makes concerning risks in Part I, Item 1A. “Risk Factors” and in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2025. Readers of this press release should also read our other periodic filings made with the SEC and other publicly filed documents for further discussion regarding such factors.

 

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Media Contacts:

DigitalBridge

Joele Frank, Wilkinson Brimmer Katcher
Erik Carlson / Alexander Wolfsohn
(212) 355-4449

dbrg-jf@joelefrank.com

 

Arclight Capital Partners

Stanton

Charlyn Lusk / Josh Greenwald

clusk@stantonprm.com / jgreenwald@stantonprm.com

(646) 502-3549 / (646) 504-7306

 

 

 

FAQ

What is DigitalBridge (DBRG) paying to acquire ArcLight?

DigitalBridge agreed to pay a base purchase price of $650 million for ArcLight, plus additional cash earn-out payments tied to fee-related earnings for 2027, 2028 and 2029. A related press release cites total potential consideration of up to $1.05 billion, including contingent amounts.

How will DigitalBridge (DBRG) finance the ArcLight acquisition?

DigitalBridge plans to fund the ArcLight acquisition using cash from its balance sheet and new debt. Merger Sub entered a commitment letter with Barclays for a senior secured bridge loan facility of up to $500 million, available at closing subject to customary conditions and the SoftBank transaction’s completion.

How is the ArcLight deal linked to SoftBank’s acquisition of DigitalBridge (DBRG)?

Closing of the ArcLight acquisition is conditioned on completion of SoftBank Group’s pending acquisition of DigitalBridge under the SoftBank Merger Agreement. The merger agreement also includes termination rights if the SoftBank deal is not consummated by specified dates or is validly terminated under its terms.

What regulatory approvals are required for DigitalBridge’s ArcLight transaction?

The ArcLight deal requires expiration or early termination of the Hart-Scott-Rodino waiting period and approvals from the Committee on Foreign Investment in the United States, the Federal Energy Regulatory Commission and the Federal Communications Commission, along with other customary closing conditions and limited partner consents.

What scale and capabilities will the combined DigitalBridge (DBRG) and ArcLight platform have?

DigitalBridge and ArcLight say the combination creates a leading alternative asset manager at the convergence of power, AI and digital infrastructure, with more than $150 billion of assets. ArcLight brings over 70 GW of generation, 48,000 miles of infrastructure and an electrification-focused development pipeline exceeding 15 GW.

Will ArcLight remain independent after the DigitalBridge acquisition?

ArcLight is expected to operate as a separately managed business within the DigitalBridge platform. Founder Daniel Revers will serve as Vice Chairman of DigitalBridge, while Angelo Acconcia continues as Managing Partner of ArcLight and Jake Erhard becomes Senior Partner, maintaining continuity in investment processes and strategy.

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