Iren Ltd.
IREN Limited Announces $875 Million Convertible Notes Offering
Summary
IREN Limited announced on October 7, 2025, the launch of an offering of $875 million in aggregate principal amount of new senior convertible notes due 2031, intended for qualified institutional buyers under Rule 144A. The company expects to use a portion of the net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital. Additionally, as of October 7, 2025, IREN had issued 66,707,732 shares generating approximately $1.0 billion, and its cash balance as of September 30, 2025, was about $1.0 billion.
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About Iren Ltd.
Iren Ltd. is an energy company primarily engaged in the generation, distribution, and sale of electricity, heat, and gas throughout Italy. The company plays a crucial role in providing essential energy services to residential, commercial, and industrial sectors. It is a key player in the Italian energy market with a diverse portfolio that includes renewable energy sources, thus contributing to the country’s energy transition and sustainability goals. Iren Ltd. also actively participates in the development and management of integrated water services and environmental services, offering solutions for waste collection, treatment, and disposal. With its strategic focus on innovation and energy efficiency, the company is dedicated to enhancing its infrastructure and service quality. Iren Ltd.'s initiatives in smart city solutions and district heating projects further underscore its commitment to technological advancement and environmental sustainability. As an integral part of the Italian utility sector, Iren Ltd. works to balance energy demand with ecological responsibility, supporting the modernization of urban areas and contributing to the overall stability and development of the regional energy landscape.
Official SEC Documents
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