{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-044888","form_type":"8-K","ticker":"IREN","cik":"0001878848","company_name":"IREN Ltd","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.956025+00:00","generated_at":"2026-05-16T14:05:21.109430+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IREN closes $2.3B convertible notes offering, repurchases $544.3M existing notes","bullets":["Issued $1.15B 0.25% notes (2032) and $1.15B 1.00% notes (2033); greenshoe fully exercised.","Repurchased $227.7M of 3.25% 2030 notes and $316.6M of 3.50% 2029 notes for ~$1.632B total.","Funded via registered direct offering of 39,699,102 shares at $41.12/share, raising net ~$2.27B.","Capped call transactions cost $201M, cap price $82.24/share (100% premium over $41.12).","Net proceeds of ~$2.068B for general corporate purposes after repurchases and fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-044888","json":"https://secwatch.observer/filing/0001140361-25-044888.json","markdown":"https://secwatch.observer/filing/0001140361-25-044888.md","text":"https://secwatch.observer/filing/0001140361-25-044888.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/0001140361-25-044888-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:05:21.109430+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2576f1c29358d69b366d50257c5a7c7c47f6b873","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/0001140361-25-044888-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1.15 billion and $1.15 billion (plus $150 million and $150 million from full exercise of option)"},{"label":"Counterparty","value":"initial purchasers"},{"label":"Rate","value":"0.25% per annum for 2032 Notes; 1.00% per annum for 2033 Notes"},{"label":"Maturity","value":"June 1, 2032 for 2032 Notes; June 1, 2033 for 2033 Notes"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}