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IREN closes $3B convertible notes deal with 1% coupon, boosting funds for growth and hedging.

Company Fundamentals
14 May 2026
GlobeNewsWire
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Neutral
pluang ai news

IREN Limited completed a $3 billion private offering of 1.00% convertible senior notes due 2033, including a $400 million greenshoe option. The net proceeds of approximately $2.96 billion will fund general corporate purposes and the cost of capped call transactions designed to reduce share dilution. The notes carry a 32.5% conversion premium and no put option except for fundamental changes. This financing strengthens IREN's capital for expansion in AI cloud infrastructure across key global markets.

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