IrenFinancing
IREN completes $3.0 billion of 1.00% convertible notes due 2033
Filed May 14, 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 14, 2026, IREN issued $3.0 billion principal amount of 1.00% Convertible Senior Notes due 2033, including the full $400 million option.
- Net proceeds were about $2.96 billion, of which $201.3 million funded the capped call transactions.
- The notes mature on December 1, 2033, with an initial conversion price of about $73.07 per ordinary share.
- The capped call cap price is initially $110.30 per share, a 100% premium over the May 11, 2026 last sale price of $55.15.
Items reported
- 1.01 Material agreement
- 2.03 New debt
- 3.02 Unregistered share sale
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.