IrenFinancing
IREN prices $1 billion each of 2032 and 2033 convertible notes plus a share offering
Filed Dec 3, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- It priced $1 billion each of 0.25% convertible senior notes due 2032 and 1.00% notes due 2033, settling December 8, 2025.
- The initial conversion price is about $51.40 per share, roughly 25% above the $41.12 last sale price on December 2, 2025.
- It also priced a registered direct offering of 39,699,102 ordinary shares at $41.12 each.
- The proceeds fund a $1,632.4 million repurchase of existing convertible notes; the capped call cost is $174.8 million.
Items reported
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.