DigitalBridge Preferred Stockholders Get SoftBank Deal Payout Option

Following its recent acquisition by affiliates of SoftBank Group Corp., DigitalBridge Group, Inc. has initiated a critical conversion window for holders of its 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock. This strategic move, triggered by the change of control event finalized on September 30, 2026, grants these preferred stockholders a limited opportunity to redeem their shares for cash.

The specific payout offered is $15.16 per share. This conversion right is exercisable until the close of business on November 17, 2026. After this deadline, the option to convert in connection with the SoftBank transaction will expire, and the Series J Preferred Stock will remain outstanding under its existing terms. This mechanism is a standard provision designed to protect preferred equity holders in the event of a significant corporate change.

DigitalBridge, a prominent global investor focused on digital infrastructure, manages a substantial portfolio encompassing data centers, fiber networks, and cell towers. The firm's strategic positioning within the rapidly expanding digital infrastructure sector, valued in the hundreds of billions globally and projected for continued robust growth driven by AI and cloud adoption, makes such corporate actions significant for its stakeholders. The acquisition by SoftBank Group Corp., a major technology investment conglomerate, signals a new chapter for DigitalBridge.

Information regarding this change of control conversion right has been formally communicated to Series J Preferred Stockholders through a dedicated Notice of Change of Control. Investors seeking to exercise this option are advised to coordinate directly with their respective brokers, banks, or other financial intermediaries. Equiniti Trust Company, LLC is acting as the designated conversion agent for this process, with contact details provided for inquiries and execution.

This event follows similar notifications issued to holders of DigitalBridge's Series I and Series H Preferred Stock earlier in October 2026, indicating a systematic approach to managing preferred shareholder rights post-acquisition. For any shares of Series J Preferred Stock not converted under this specific provision, the original terms and conditions will continue to apply without alteration. The detailed terms governing the Series J Preferred Stock are publicly available, including within filings made with the Securities and Exchange Commission.

The transaction underscores the dynamic nature of the digital infrastructure investment space, where consolidation and strategic acquisitions are common as firms seek scale and enhanced market positioning. DigitalBridge's focus on essential digital assets positions it as a key player, and its integration under SoftBank's umbrella could unlock new growth avenues and investment strategies within this critical technology segment.