IrenFinancing
IREN's subsidiary secures about $3.6 billion in financing for its Microsoft GPU contract
Filed Jun 1, 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 29, 2026 a subsidiary entered financing agreements totaling about $3.6 billion.
- They include an approximately $1.5 billion delayed draw term loan and $2.1 billion of 5.96% senior notes.
- The money partly funds GPU infrastructure for the November 2, 2025 contract to serve Microsoft in Childress, Texas.
- The loan and notes mature December 31, 2031 and are available in tranches until May 29, 2027.
Items reported
- 1.01 Material agreement
- 2.03 New debt
The company's own filing, put into Korean. The numbers are the filing's.