Iris Energy (IREN) Closes $550M Convertible Notes Offering
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IREN closes upsized $550 million convertible notes offering
June 13, 2025 4:02 PM UTCSYDNEY, June 13, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (IREN) today announced the closing of its offering of $550 million aggregate principal amount of 3.50% convertible senior notes due 2029 (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
Oversubscribed and upsized from $450 million to $500 million, plus $50 million greenshoeNet proceeds of... More