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IREN Issues $2 Billion Convertible Notes Due 2033 for Hedging and Expansion on May 11

GateNews
Stocks

According to BlockBeats, on May 11, IREN announced plans to issue $2 billion in convertible senior notes due 2033, with initial purchasers granted an option to buy up to an additional $300 million. The unsecured senior debt will mature in December 2033, with proceeds allocated to capped call hedging transactions and general corporate purposes including working capital. IREN also plans to unwind certain call option hedges related to its 2029 and 2030 convertible notes.

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