PANews|May 15, 2026 08:54
[IREN Limited Announces Completion of $3 Billion Convertible Senior Notes Offering]
According to GlobeNewsWire, Bitcoin mining company IREN Limited has announced the completion of a $3 billion convertible senior notes offering, with a coupon rate of 1.00% and a maturity date in 2033. The offering includes an initial issuance of $2.6 billion and a $400 million overallotment option. Net proceeds amount to approximately $2.96 billion, of which about $201.3 million will be used to cover the cost of capped call transactions, with the remainder allocated for general corporate purposes and working capital.
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