IREN proposes $875 million convertible notes offering due 2031

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Go back to IREN proposes $875 million convertible notes offering due 2031

IREN Announces Proposed Convertible Notes Offering

October 7, 2025 4:04 PM EDT

NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (IREN) today announced its intention to offer, subject to market and other conditions, $875 million aggregate principal amount of convertible senior notes due 2031 (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). IREN also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $125... More