Company: DBRG
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001679688-25-000100
Chunk: 131

Company: DigitalBridge Group, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 131
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 of its domestic entities as the realizability of these deferred tax assets did not meet the more-likely-than-not threshold. New U.S. Tax LegislationOn July 4, 2025, the legislation formally titled “An Act to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14” (“the Act”), commonly referred to as the One Big Beautiful Bill Act, was enacted into law. The centerpiece of the bill is the extension of expiring and in some cases, expired provisions of the 2017 Tax Cuts and Jobs Act. 

The provisions of this Act could affect the Company's effective tax rate, current tax payable and measurement of the Company's deferred tax assets and liabilities, including its assessment of realizability. Where applicable, the income tax effect of the Act was recognized beginning with the Company's interim period ended September 30, 2025, for which the effect was immaterial. The Company continues to evaluate the effects of this new legislation on its consolidated financial statements, noting that interpretation of the various provisions of this Act and their application thereof may change as new information becomes available. 

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6. Debt The Company's corporate debt is composed of a securitized financing facility and, prior to their full exchange or redemption in 2024, senior notes issued by the OP that are recourse to the Company, as discussed further below.Included in the September 30, 2025 balance is also debt of a consolidated fund.September 30, 2025December 31, 2024(In thousands)PrincipalDeferred Financing CostAmortized CostPrincipalDeferred Financing CostAmortized CostRecourseCorporate debt—Securitized financing facility$300,000 $(1,602)$298,398 $300,000 $(3,638)$296,362 Non-recourseDebt of consolidated fund (1)29,547 — 29,547 — — — $329,547 $(1,602)$327,945 $300,000 $(3,638)$296,362 __________(1)    Fund was consolidated during the third quarter of 2025. Debt of consolidated fund is non-recourse to the Company. This debt matures in April 2026, accrues paid-in-kind ("PIK") interest at 12% per annum and is secured by the fund's equity investment.  Securitized Financing FacilityIn July 2021, special-purpose subsidiaries of the OP (the "