{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-021285","form_type":"8-K","ticker":"IREN","cik":"0001878848","company_name":"IREN Ltd","filed_at":"2026-05-14T20:06:36+00:00","discovered_at":"2026-05-14T20:08:00.231672+00:00","generated_at":"2026-05-14T21:00:46.067203+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IREN closes $3.0B 1% convertible notes due 2033; net proceeds $2.96B","bullets":["$3.0B principal amount, 1.00% coupon, matures December 1, 2033.","Net proceeds ~$2.96B; $201.3M used for capped call transactions.","Initial conversion price ~$73.07/share (32.5% premium); cap price $110.30 (100% premium over $55.15).","Greenshoe of $400M fully exercised; total issuance $3.0B.","Terminated portion of 2029 capped calls tied to equitized 2029 notes from Nov 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-021285","json":"https://secwatch.observer/filing/0001140361-26-021285.json","markdown":"https://secwatch.observer/filing/0001140361-26-021285.md","text":"https://secwatch.observer/filing/0001140361-26-021285.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/0001140361-26-021285-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/ef20073507_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:00:46.067203+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":"acc89f47fb4397946b984fd2ffe554a5443412cf","claim":"IREN Ltd incurred convertible notes of $3.0 billion principal amount with U.S. Bank Trust Company, National Association, as trustee at 1.00% per annum maturing December 1, 2033.","evidence_excerpt":"On May 14, 2026 (the “Closing Date”), IREN Limited (the “Company”) issued $3.0 billion principal amount of its 1.00% Convertible Senior Notes due 2033 (the “Convertible Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/0001140361-26-021285-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$3.0 billion principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"1.00% per annum"},{"label":"Maturity","value":"December 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2815854d2ce0f3aaa564cde10bb02f7b705ea72d","claim":"IREN Ltd entered into Indenture with U.S. Bank Trust Company, National Association valued at $3.0 billion principal amount (effective 2026-05-14).","evidence_excerpt":"On May 14, 2026 (the “Closing Date”) , IREN Limited (the “Company”) issued $3.0 billion principal amount of its 1.00% Convertible Senior Notes due 2033 (the “Convertible Notes”). The Convertible Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of the Closing Date , between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/0001140361-26-021285-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$3.0 billion principal amount"},{"label":"Effective","value":"2026-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}