IREN Limited Announces Pricing of $875 Million Convertible Senior Notes Offering

"IREN Limited has announced the pricing of an $875 million offering of 0.00% convertible senior notes due in 2031, aimed at qualified institutional buyers. The offering is part of the company's efforts to support its next-generation data centers that utilize 100% renewable energy for Bitcoin and AI applications. Latham & Watkins LLP provided legal representation for the initial purchasers in this private offering."

Latham & Watkins LLP represented the initial purchasers in the private offering of convertible senior notes by IREN Limited, a leading developer and operator of next-generation data centers. IREN Limited announced the pricing of its offering of US$875 million aggregate principal amount of 0.00% convertible senior notes due 2031, which was conducted in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The Latham & Watkins team included Stelios Saffos (Global Chair of Capital Markets Practice), partners Brittany Ruiz, Drew Capurro, Andrew Blumenthal (convertible debt), Reza Mojtabaee-Zamani (derivatives), Elena Romanova (tax), Jenny Cieplak (crypto and digital assets), and Eric Volkman (compliance). Associates involved were Sara Johnson, Eric Finkelberg, Madison Venezia, Zafreen Siddiquee, Ryan Gold, Andrew Bentz, Shawn Noh, Henry Lin, and Joyce Shin, Matthew Gregory, and Shaza Loutfi.

IREN Limited Announces Pricing of $875 Million Convertible Senior Notes Offering

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