IrenFinancing
IREN prices an upsized $2.6 billion offering of 1.00% convertible notes
Filed May 12, 2026Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On May 12, 2026, IREN priced $2.6 billion of 1.00% convertible senior notes due 2033, upsized from the $2 billion first announced.
- Initial purchasers hold an option to buy up to $400 million more.
- Estimated net proceeds are about $2.57 billion, or about $2.96 billion if the option is exercised in full.
- The initial conversion price is about $73.07 per share, a 32.5% premium over the May 11 last sale price of $55.15.
Items reported
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.