IREN plans to issue 2 billion convertible bonds and may add an additional 300 million

IREN Limited announced plans to privately issue convertible senior notes due in 2033 through Rule 144A, raising $2 billion and potentially adding $300 million. IREN can be redeemed in advance after June 2030 when the stock price conditions are met. In the event of a "significant change event," investors may request to repurchase the bonds based on principal and accrued interest.