Debt Financings

GRAY MEDIA, INC incurred senior notes of $250,000,000 with certain accredited investors at 9.625% maturing July 15, 2032.

“On December 12, 2025, Gray Media, Inc. (“ Gray ”, “ we ” or the “ Company ”) issued $250,000,000 in aggregate principal amount of its 9.625% Senior Secured Second Lien Notes due 2032 (the “ Additional Notes ”) to certain accredited investors (the “ Purchasers ”) pursuant to certain purchase agreements, dated December 5, 2025, by and among the Company, the guarantors party thereto and the Purchasers.”

MDU RESOURCES GROUP INC amended revolving credit of $200 million with U.S. Bank National Association at variable interest rate maturing December 11, 2030.

“revolving commitments thereunder from May 31, 2028 to December 11, 2030. The Credit Agreement, like the Previous Credit Agreement, provides for an initial commitment amount of $200 million and includes a $25 million standby letter of credit facility and a $25 million swingline subfacility. As with the Previous Credit Agreement, at the Company’s request and subject”

AFFILIATED MANAGERS GROUP, INC. incurred senior notes of $425,000,000 aggregate principal amount with U.S. Bank National Association and U.S. Bank Trust Company, National Association at 5.500% per year maturing February 15, 2036.

“On December 11, 2025, Affiliated Managers Group, Inc. (the “Company”) completed the issuance and sale of $425,000,000 aggregate principal amount of the Company’s 5.500% Senior Notes due 2036 (the “Securities”).”

NISOURCE INC. amended revolving credit of $2.5 billion (increased by $650 million from $1.85 billion) with NiSource Inc. (Borrower), Barclays Bank PLC (Administrative Agent), JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Wells Fargo Bank, National Association (Co-Syndication Agents), Bank of America, National Association, Bank of Montreal, Mizuho Bank, Ltd. (Co-Documentation Agents), and Barclays Bank PLC, at Not disclosed (eliminated ESG-based rate adjustments) maturing December 11, 2030 (extended from February 18, 2027).

“The Agreement amended certain provisions of the Existing Credit Agreement to, among other things, (i) increase the facility by $650 million to $2.5 billion, (ii) extend the termination date from February 18, 2027 to December 11, 2030, (iii) increase the amount of the facility available for the issuance of standby letters of credit by $25 million to $175 million, (iv) increase certain dollar and materiality thresholds relating to permitted liens, cross-defaults and the definition of Material Subsidiary (as defined in the Agreement) and (v) eliminate certain provisions providing for the establishment of specified key performance indicators with respect to certain environmental, social and governance targets of NiSource and its subsidiaries that could have resulted in certain adjustments to the otherwise applied Applicable Rate (as defined in the Agreement).”

DIRTT ENVIRONMENTAL SOLUTIONS LTD incurred loan of up to C$15.0 million with Business Development Bank of Canada at BDC's Floating Base Rate (currently 6.55% per annum) minus 0.75% maturing April 30, 2032.

“On December 11, 2025, DIRTT Environmental Solutions Ltd. (the “Company”) entered into a letter of offer (the “Letter”) with Business Development Bank of Canada (“BDC”) pursuant to which BDC committed to lending the Company up to C$15.0 million (the “Loan”) subject to the satisfaction of certain conditions.”

Philip Morris International Inc. amended revolving credit of €1.5 billion with the lenders named therein and Citibank Europe plc, UK Branch, as facility agent maturing extends the expiration date of the 2024 Credit Agreement from January 29, 2028 to January 29, 2029.

“On December 11, 2025, PMI also entered into an agreement, effective as of January 29, 2026 (the “Amendment and Extension Agreement”), to amend and extend the term of its existing €1.5 billion revolving credit facility, dated December 17, 2024 (the “2024 Credit Agreement”) with the lenders named therein and Citibank Europe plc, UK Branch, as facility agent. The Amendment and Extension Agreement extends the expiration date of the 2024 Credit Agreement from January 29, 2028 to January 29, 2029, pursuant to Section 2.20 of the 2024 Credit Agreement, and provides for certain other amendments to the Credit Agreement.”

Philip Morris International Inc. incurred revolving credit of US$2.0 billion with the lenders named therein, Citibank Europe plc, UK Branch, as facility agent, and Citibank, N.A., as swingline agent at prevailing interest rates for U.S. Dollars or Euro, as applicable maturing January 29, 2031.

“On December 11, 2025, Philip Morris International Inc. (“PMI”) entered into a credit agreement, effective as of January 29, 2026 (the “Credit Agreement”), relating to a senior unsecured revolving credit facility (the “Facility”) with the lenders named therein, Citibank Europe plc, UK Branch, as facility agent, and Citibank, N.A., as swingline agent. The Facility provides for borrowings up to an aggregate principal amount of US$2.0 billion (or the equivalent in Euro) and expires on January 29, 2031, unless extended as further described in the Credit Agreement.”

Horizon Technology Finance Corp incurred senior notes of $57.5 million aggregate principal amount with Oppenheimer & Co. Inc. at 7.00% maturing Notes due 2028.

“On December 11, 2025, Horizon Technology Finance Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Horizon Technology Finance Management LLC and Oppenheimer & Co. Inc. in connection with the issuance and sale of $57.5 million aggregate principal amount of the Company’s 7.00% Notes due 2028 (the “Offering”).”

National Healthcare Properties, Inc. incurred credit facility of a $400 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan facility with Wells Fargo Bank, National Association at Daily Simple SOFR or Term SOFR plus a margin ranging from 1.55% to 2.10% per ann maturing December 11, 2028.

“thereto, Capital One, National Association and the other lenders party thereto and paid off the outstanding secured term loan thereunder. The Credit Agreement provides for (i) a $400 million senior unsecured revolving credit facility (the “Revolving Facility”) and (ii) a $150 million senior unsecured term loan facility (the “Term Loan”, together with the Revolving”

Hilton Worldwide Holdings Inc. incurred senior notes of $1 billion aggregate principal amount with Wilmington Trust, National Association at 5.500% per annum maturing March 31, 2034.

“On December 10, 2025, Hilton Domestic Operating Company Inc. (the “Issuer”), an indirect subsidiary of Hilton Worldwide Holdings Inc. (the “Company”), issued and sold $1 billion aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) under an Indenture, dated as of December 10, 2025 (the “Indenture”), by and among the Issuer, the Company, as a guarantor, the other guarantors party thereto and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”).”

Sabre Corp incurred senior notes of $1 billion with Wilmington Trust, National Association at 11.125% per year maturing mature on June 15, 2029.

“On December 5, 2025 (the “SPV Notes Issue Date”), Sabre Financial Borrower, LLC (“Sabre Financial”), an indirect wholly-owned subsidiary of Sabre Corporation (“Sabre” or the “Company”), Sabre Financing Holdings LLC (“Sabre Financing”), Sabre Financial’s direct parent company, certain of Sabre’s Luxembourg subsidiaries and Wilmington Trust, National Association, as trustee and collateral agent, entered into an indenture (the “SPV Notes Indenture”) governing Sabre Financial’s newly issued 11.125% senior secured notes due 2029 (the “SPV Notes”). The SPV Notes were issued in an aggregate principal amount of $1 billion, will pay interest semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2026, at a rate of 11.125% per year, and will mature on June 15, 2029.”

Valion Bio, Inc. incurred senior notes of $16,253,147.10 with 3i at 5.0% per annum maturing fifth anniversary of the issuance date.

“a senior secured convertible note (the “Note”) in the principal amount of $16,253,147.10”

CID Holdco, Inc. incurred credit facility of up to $5,000,000 with J.J. Astor & Co. maturing November 30, 2026.

“On December 5, 2025, CID Holdco, Inc. (the “Company”) entered into a Loan Agreement with J.J. Astor & Co., a Utah corporation (including its successors and assigns, the “Lender”), pursuant to which the Company may borrow up to $5,000,000 in four tranches”

ProCap Financial, Inc. incurred convertible notes of $235.0 million with Convertible Note Investors at zero interest rate maturing up to 36 months.

“the Convertible Note Investors purchased convertible notes issued by the Company (“ Convertible Notes ”), in an aggregate principal amount of $235.0 million”

KELLANOVA incurred senior notes of $395,000,000 aggregate principal amount of 3.99% Series K Senior Notes due October 11, 2027; $400,000,000 aggregate prin with noteholders at various (see principal_text for rates) maturing various (see principal_text for maturity dates).

“relating to the Parent's: • $395,000,000 aggregate principal amount of 3.99% Series K Senior Notes due October 11, 2027 (the "2012 Senior Notes")”

KELLANOVA incurred guarantee of $4,000,000,000 in revolving commitments and $4,000,000,000 in delayed draw term commitments with JPMorgan Chase Bank, N.A. maturing March 3, 2028 for the Revolving Credit Agreement; five years from the Funding Date for the DDTL Credit Agreement.

“time, the “Revolving Credit Agreement”), among the Parent, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which provides for $4.0 billion in revolving commitments available to be drawn in either U.S. dollars, Euro or Sterling with a final maturity date of March 3, 2028 and (ii) Supplement No. 1 (the “Term”

FINANCIAL INSTITUTIONS INC incurred senior notes of $80.0 million in aggregate principal amount at 6.50% maturing December 15, 2035.

“pursuant to which the Company issued $80.0 million in aggregate principal amount of its 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035”

AMEREN CORP amended revolving credit of $1.3 billion multi-year, senior unsecured revolving Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as agent maturing December 10, 2030.

“), JPMorgan Chase Bank, N.A., as agent, and the lenders party thereto entered into a $1.3 billion multi-year, senior unsecured revolving Amended and Restated Credit Agreement”

AMEREN CORP amended revolving credit of $1.9 billion multi-year, senior unsecured revolving Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as agent maturing December 10, 2030.

“On December 10, 2025, Ameren and Ameren Missouri (together, the "Missouri Borrowers"), JPMorgan Chase Bank, N.A., as agent, and the lenders party thereto entered into a $1.9 billion multi-year, senior unsecured revolving Amended and Restated Credit Agreement”

TXNM ENERGY INC incurred convertible notes of $350,000,000 with initial purchasers at 7.000% per annum from and including December 10, 2025 to but excluding July 31, maturing July 31, 2056.

“On December 10, 2025, TXNM Energy, Inc. (the “Company”) issued $350,000,000 aggregate principal amount of its 7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Convertible Notes due 2056 (the “Notes”) pursuant to an Indenture (the “Indenture”), dated as of December 10, 2025, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

Enovis CORP amended credit facility of revolving credit facility of up to $1.1 billion and a term loan facility of $700.0 million with JPMorgan Chase Bank, N.A. at reduced the applicable margin for borrowings if the Total Leverage Ratio is less maturing December 8, 2030.

“lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. The Amended Credit Agreement provides for a revolving credit facility of up to $1.1 billion (the “Revolving Facility” and the loans thereunder, the “Revolving Loans”) and a term loan facility of $700.0 million (the “Term Loan Facility” and the loans thereunder, the”

Crypto Co incurred loan of $93,386 with AJB Capital Investments LLC maturing three years from the date of issuance.

“he Company’s Form 8-K filed on December 3, 2025 with AJB Capital Investments LLC (“ AJB ”). In connection with the closing, the Company issued to AJB 476,953,697 shares of the Company’s common stock, par value $0.001 per share (the “ Conversion”

Crypto Co incurred loan of $855,579.26 with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail.

“The issuance of the new Promissory Notes to the Investors in the aggregate principal amount of $855,579.26”

BlackRock Private Credit Fund incurred revolving credit of $365,000,000 with State Street Bank and Trust Company.

“On December 5, 2025, State Street Bank and Trust Company (the “Assuming Lender”), entered into a joinder agreement (“Joinder Agreement”) in favor of BlackRock Private Credit Fund and Sumitomo Mitsui Banking Corporation (“SMBC”), as administrative agent (in such capacity, the “Administrative Agent”), pursuant to which the Assuming Lender agreed to become a lender under the Senior Secured Revolving Credit Agreement (the “SMBC Facility”). Following the effectiveness of the Joinder Agreement, the aggregate amount of outstanding total revolving commitments under the SMBC Facility is $365,000,000.”

Brag House Holdings, Inc. incurred convertible notes of up to $11,000,000 with an institutional investor.

“Agreement, Company and HOD, jointly and severally, authorized the issuance of a convertible promissory note to the Investor, in the aggregate original principal amount of up to $11,000,000 (the “ Convertible Note ”), pursuant to which the Investor agreed to advance the aggregate principal amount to the Company in two advances (each an “ Advance ”); in respect of”

SHENANDOAH TELECOMMUNICATIONS CO/VA/ incurred senior notes of $567,405,000 aggregate principal amount of secured fiber network revenue term notes, consisting of $489,142,000 5.64% Se with Citibank, N.A. at 5.64% per annum for Class A-2; 6.03% per annum for Class B maturing anticipated repayment date in December 2030.

“On December 5, 2025, Shentel Issuer, LLC (the “ Issuer ”), a limited-purpose, bankruptcy remote subsidiary of Shenandoah Telecommunications Company (“ Shentel ”), closed its previously announced inaugural offering of $567,405,000 aggregate principal amount of secured fiber network revenue term notes, consisting of $489,142,000 5.64% Series 2025-1, Class A-2 term notes and $78,263,000 6.03% Series 2025-1, Class B term notes (collectively, the “ Term Notes ”), each with an anticipated repayment date in December 2030 (the “ Term Notes ARD ”).”

HNI CORP amended credit facility of reduction of existing term loan A facility from $500,000,000 to $350,000,000 with lenders under Existing Credit Agreement and Wells Fargo Bank, National Association as administrative agent at unchanged per Existing Credit Agreement (not specified further) maturing unchanged per Existing Credit Agreement (not specified further).

“document the reduction of the existing term loan A facility from an aggregate principal amount of $500,000,000 to $350,000,000”

UNIVERSAL CORP /VA/ incurred credit facility of $275,000,000, $345,000,000, $780,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at Adjusted Term SOFR Rate plus the Applicable Rate maturing five-year, seven-year, five-year.

“Union Bank and Capital One, N.A., as Co-Documentation Agents (the “Credit Agreement”). The Credit Agreement provides for (i) a five-year term loan A-1 facility in the amount of $275,000,000 (the loans thereunder, the “Term A-1 Loans”), (ii) a seven-year term loan A-2 facility in the amount of $345,000,000 (the loans thereunder, the “Term A-2 Loans”) and (iii) a”

ARES CAPITAL CORP incurred credit facility of $1.0 billion with third parties at Term SOFR plus 1.40% (Class A-1), Term SOFR plus 1.65% (Class A-2), Term SOFR pl maturing January 20, 2038.

“ate and include (i) $570.0 million of Class A-1 Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR (as defined in the January 2038 CLO Indenture) plus 1.40% (the “January 2038 Class A-1 CLO Notes”); (ii) $50.0 million”

NORTHPOINTE BANCSHARES INC incurred senior notes of $70.0 million at 7.50% per annum maturing December 15, 2035.

“the Company sold and issued $70.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035”

PROS Holdings, Inc. reported a default on convertible notes with holders of the 2030 Notes.

“holders of the 2030 Notes will be entitled to receive $1,307.87 per $1,000 principal amount of 2030 Notes validly surrendered for conversion during the Make-Whole Fundamental Change Period.”

PROS Holdings, Inc. reported a default on convertible notes with holders of the 2027 Notes.

“holders of the 2027 Notes will be entitled to receive $555.99 per $1,000 principal amount of 2027 Notes validly surrendered for conversion.”

PROS Holdings, Inc. faced acceleration on convertible notes with holders of the 2027 Notes and the 2030 Notes.

“Under the Convertible Notes Indentures, the consummation of the Merger constitutes a Fundamental Change and a Make-Whole Fundamental Change (each as defined in the applicable Convertible Notes Indenture).”

Fastly, Inc. incurred convertible notes of $160,000,000 with U.S. Bank Trust Company, National Association at 0% maturing December 15, 2030.

“issued $160,000,000 aggregate principal amount of its 0% Convertible Senior Notes due 2030”

Allegion plc incurred revolving credit of $197.2 million with Bank of America, N.A. (as administrative agent).

“Upon closing, the Company borrowed $197.2 million under the Revolving Facility to repay its outstanding term loan, which previously had a maturity date of November 16, 2026.”

Allegion plc amended revolving credit of $1.0 billion with Bank of America, N.A. (as administrative agent) maturing May 20, 2030.

“Under the First Amendment, among other things, (i) the aggregate revolving commitments under the revolving credit facility (“Revolving Facility”) will be increased from $750.0 million to $1.0 billion, (ii) the maturity date of the Revolving Facility will be extended from May 20, 2029 to May 20, 2030 and (iii) subject to the satisfaction of certain conditions, the Company may request, at any time, an increase of the aggregate amount available under the Revolving Facility of up to an additional $500.0 million.”

BrightSpire Capital, Inc. amended revolving credit of $120,000,000 with JPMorgan Chase Bank, N.A. at Term SOFR rate plus 2.25% or base rate plus 1.25% maturing December 8, 2028.

“Amendment No. 1 to Amended and Restated Credit Agreement On December 9, 2025, BrightSpire Capital Operating Company, LLC (“BrightSpire OP”) (together with certain subsidiaries of BrightSpire OP from time to time party thereto as borrowers, collectively, the “Borrowers”) entered into an Amendment No. 1 to that certain Amended and Restated Credit Agreement (the “Amended Credit Agreement”), dated as of January 28, 2022, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the several lenders from time to time party thereto (the “Lenders”), pursuant to which Amended Credit Agreement the Lenders agreed to provide a revolving credit facility in the aggregate principal amount of up to $120.0 million, of which up to $25.0 million is available as letters of credit.”

SYNOVUS FINANCIAL CORP incurred senior notes of $500 million with The Bank of New York Mellon Trust Company, N.A. at 5.957% per annum maturing January 15, 2036.

“issued $500 million aggregate principal amount of its 5.957% Fixed-to-Fixed Rate Subordinated Bank Notes due 2036”

Trailblazer Merger Corp I incurred loan of principal balance of the Note with Trailblazer Sponsor Group, LLC maturing September 15, 2025 or the closing of Maker's initial business combination.

“On December 4, 2025 the parties thereto entered into an amendment (the “Amendment”) to that certain Second Amended and Restated Promissory Note, dated as of July 29, 2025, as amended from time to time (the “Note”) by and among Trailblazer Merger Corporation I, a Delaware corporation (the “Maker”), and Trailblazer Sponsor Group, LLC.”

Nakamoto Inc. incurred loan of 210,000,000 USDT with Payward Interactive, Inc. d/b/a Kraken at 8.00% per annum maturing December 4, 2026.

“On December 9, 2025, the Borrower and Kraken executed a second term sheet (the “ Second Term Sheet ”) for a fixed-term loan of 210,000,000 USDT, which amount includes the Initial Loan balance (the “ Kraken Loan ”), bearing a fee of 8.00% per annum, maturing on December 4, 2026.”

Venture Global, Inc. incurred senior notes of $1.75 billion and $1.25 billion with qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S at 6.125% and 6.500% maturing December 15, 2030 and June 15, 2034.

“On December 9, 2025 (the “Issue Date”), Venture Global Plaquemines LNG, LLC (“VGPL”), an indirect, wholly-owned subsidiary of Venture Global, Inc. (the “Company”) issued $1.75 billion aggregate principal amount of 6.125% senior secured notes due 2030 (the “2030 Notes”), and $1.25 billion aggregate principal amount of 6.500% senior secured notes due 2034 (the “2034 Notes” and, together with the 2030 Notes, the “Notes”).”

ALEXANDERS INC incurred loan of $175 million at SOFR plus 2.00%, currently 5.82% maturing December 2030.

“On December 5, 2025, Alexander’s, Inc. (the “Company”) completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center located in Queens, New York. The interest-only loan is at SOFR plus 2.00%, currently 5.82%, and matures in December 2030.”

Primis Financial Corp. incurred lease obligation of $4.7 million per annum with FNLR Mud LLC maturing 20 years.

“Concurrent with the closing, Seller and FNLR Mud LLC, a Delaware limited liability company ("Landlord"), entered into a master lease agreement (the "Lease Agreement") for the Properties under which Seller, as tenant, will lease each of the Properties from Landlord. The initial lease term shall be 20 years, which may be extended, at the Bank's option, for an additional 20 year term. The Lease Agreement shall constitute a triple net lease under which the Bank as tenant shall be responsible for base rent for each of the Properties, which during the initial term shall be, in the aggregate, $4.7 million per annum ("Base Rent") plus additional operational charges.”

Shift4 Payments, Inc. incurred senior notes of €435 million at 5.500% maturing May 15, 2033.

“completed the issuance and sale of €435 million aggregate principal amount of 5.500% Senior Notes due 2033”

Xponential Fitness, Inc. incurred credit facility of $525 million with HPS Investment Partners LLC at Term SOFR or the Base Rate, plus, in each case, a leverage-based margin maturing five years after the Closing Date.

“the Lenders have provided to the Borrower Closing Date Term Loans in an aggregate principal amount equal to $525 million”

Mirion Technologies, Inc. incurred term loan of $450,000,000 with Citibank, N.A at 2.00% for the Replacement Term Loans that are Term SOFR Loans and (ii) 1.00% for maturing June 5, 2032.

“Amendment No. 6 provides for, among other things, a new $450,000,000 tranche of term loans maturing in 2032 (the “Replacement Term Loans”), the proceeds of which (along with other cash sources) were used to refinance all Term Loans outstanding under the Credit Agreement immediately prior to giving effect to the Amendment.”

Dyne Therapeutics, Inc. incurred term loan of $50.0 million with Hercules Capital, Inc. at Wall Street Journal prime rate, subject to a floor of 7.50%, plus 2.45% maturing July 1, 2030.

“On December 8, 2025 (the “Amendment Closing Date”), Dyne Therapeutics, Inc. (the “Company”) entered into the First Amendment (the “First Amendment”) to Loan and Security Agreement with Hercules Capital, Inc. (“Hercules”), in its capacity as administrative agent and collateral agent (the “Agent”), and certain other financial institutions party thereto as lenders (collectively, the “Lenders”). The First Amendment amended certain of the tranche sizes and funding milestone requirements under the Loan and Security Agreement, dated as of June 27, 2025 (the “Initial Loan Agreement” and, such Initial Loan Agreement as amended by the First Amendment, the “Loan Agreement”), by and among the Company, Hercules and the Lenders and permitted the Company to borrow, as of the Amendment Closing Date, a second term loan tranche in an aggregate principal amount of $50.0 million. Following entry into the First Amendment and the borrowing of the second term loan tranche, the Company has two additional term”

Apollo Debt Solutions BDC incurred senior notes of $400,000,000 in aggregate principal amount with U.S. Bank Trust Company, National Association at 5.200% per year maturing December 8, 2028.

“On December 8, 2025, Apollo Debt Solutions BDC (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into a Fifth Supplemental Indenture (the “ Fifth Supplemental Indenture ” and, together with the Base Indenture (defined herein), the “ Indenture ”) related to the $ 400,000,000 in aggregate principal amount of its 5.200% notes due 2028”

Aquaron Acquisition Corp. incurred loan of $16,198.05 with HUTURE Ltd. ("Huture") at does not bear interest maturing upon closing of a business combination by the Company.

“On December 6, 2025, Aquaron Acquisition Corp. (the “ Company ”) issued an unsecured promissory note in the aggregate principal amount of $16,198.05 (the “ Note ”) to HUTURE Ltd. (“ Huture ”)”

IREN Ltd incurred convertible notes of $1.15 billion and $1.15 billion (plus $150 million and $150 million from full exercise of option) with initial purchasers at 0.25% per annum for 2032 Notes; 1.00% per annum for 2033 Notes maturing June 1, 2032 for 2032 Notes; June 1, 2033 for 2033 Notes.

“On December 8, 2025 (the “Closing Date”), IREN Limited (the “Company”) issued $1.15 billion aggregate principal amount of its 0.25% convertible senior notes due 2032 (the “2032 Notes”) and $1.15 billion aggregate principal amount of its 1.00% convertible senior notes due 2033 (the “2033 Notes” and, together with the 2032 Notes, the “Notes,” and the offering of such Notes, the “Notes Offering”).”