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← IREN
Tue, Oct 14, 2025

IREN closes $1.0 billion convertible notes offering

Source file ↗

Key points

  • Oversubscribed $875 million offering, plus a fully-exercised $125 million greenshoe — $1.0 billion total
  • Net proceeds of approximately $979.0 million; 0.00% coupon, 42.5% conversion premium
  • Capped call transactions provide a hedge up to an initial cap price of $120.18/share