BlockBeats News, December 9—According to CoinDesk, Bitcoin mining company IREN (IREN) has completed a refinancing deal, including the issuance of $2.3 billion in convertible senior notes and the repurchase of $544.3 million in existing convertible bonds. The newly issued bonds include: $1 billion of 0.25% coupon notes due in 2032; $1 billion of 1% coupon notes due in 2033; and a $300 million greenshoe option fully exercised to meet additional demand. In addition, IREN executed a capped call transaction to hedge against equity dilution from bond conversion and to provide protection at an initial price of $82.24 per share. According to the announcement, except for standard terms related to significant changes, the notes do not contain any investor put rights.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin mining company IREN completes $2.3 billion convertible senior notes offering
BlockBeats News, December 9—According to CoinDesk, Bitcoin mining company IREN (IREN) has completed a refinancing deal, including the issuance of $2.3 billion in convertible senior notes and the repurchase of $544.3 million in existing convertible bonds. The newly issued bonds include: $1 billion of 0.25% coupon notes due in 2032; $1 billion of 1% coupon notes due in 2033; and a $300 million greenshoe option fully exercised to meet additional demand. In addition, IREN executed a capped call transaction to hedge against equity dilution from bond conversion and to provide protection at an initial price of $82.24 per share. According to the announcement, except for standard terms related to significant changes, the notes do not contain any investor put rights.