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News  ›  GlobeNewswire Inc.

IREN Prices $2 Billion Convertible Notes Offering

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Iren Limited
IREN Prices $2 Billion Convertible Notes Offering

IREN Limited priced $2 billion in convertible senior notes due 2032 and 2033, with plans to use proceeds to repurchase existing convertible notes and for general corporate purposes. The company also conducted a concurrent equity offering to support the repurchase transaction.

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IREN   neutral

The company is restructuring its debt through a complex financial transaction involving new convertible notes and repurchasing existing notes, indicating strategic financial management without clear positive or negative implications