Iren Ltd.
IREN Limited Announces Proposed Convertible Notes Offering
Summary
On May 11, 2026, IREN Limited announced its intention to offer $2 billion aggregate principal amount of new senior convertible notes due 2033 in a private offering to qualified institutional buyers under Rule 144A. The notes will be senior, unsecured obligations of IREN, accruing interest payable semi-annually in arrears and maturing on December 1, 2033. IREN intends to use a portion of the net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital. The notes will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
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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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