IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible Notes
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of convertible senior notes and repurchase of certain existing convertible notes. Key details Offering of $2.3 billion convertible senior notes $1.0 billion offering of 0.25% convertible senior notes due 2032$1.0 billion offering of 1.00% convertible senior notes due 2033$300 million greenshoe fully exercisedCapped call transactions expected to provide a hedge upon conversions up to an initial cap price of $82.24 per shareNo put option for investors in the notes other than a customary put right in the case of certain fundamental changes Repurchase of approximately $544.3 million aggregate principal amount of existing convertible notes $316.6 million of 3.50% convertible senior notes due 2029 ($13.64 conversion price)$227.7 million of 3.25% convertible senior notes due 2030 ($16.81 conversion price)Funded via registered direct placement of approximately 39.7
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News
- Discovery Capital Cashes in After Iren Shares Rocket 222% Higher in Q3 [Yahoo! Finance]Yahoo! Finance
- Better AI Infrastructure Stock: Nebius Group vs. Iren Limited [Yahoo! Finance]Yahoo! Finance
- IREN (NASDAQ:IREN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
- Why The Next 12-18 Months Are Crucial For IREN's Growth [Seeking Alpha]Seeking Alpha
- IREN (NASDAQ:IREN) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
IREN
Sec Filings
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- IREN's page on the SEC website