Iris Energy (IREN) Prices Upsized $400M Convertible Notes Offering
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IREN prices upsized $400 million convertible notes offering
December 4, 2024 5:56 AM UTCSYDNEY, Dec. 04, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (IREN) today announced the pricing of its offering of $400 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
Key details of the transaction
$400 million convertible senior notes offering (3.25% coupon, 30% conversion premium)Offering size was increased from the... More