IREN subsidiary secures $3.6B financing for GPU infrastructure under Microsoft contract

IREN Ltd

$1.5B delayed draw term loan (SOFR + 2.25%) and $2.1B 5.96% senior notes due Dec 31, 2031.
Proceeds fund GPU services for Microsoft under Nov 2, 2025 contract at Childress, TX data centers.
Parent guarantees limited to performance obligations and shortfalls from Microsoft non-acceptance/termination.
Covenants include debt service coverage ratio of at least 1.05:1.00; hedge agreements for interest rate and power.
Financing available until May 29, 2027; maturity Dec 31, 2031 with amortization schedules.

item 1.01 item 2.03

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001140361-26-023427
form_type: 8-K
ticker: IREN
cik: 0001878848
company_name: IREN Ltd
filed_at: 2026-06-01T11:06:02+00:00
discovered_at: 2026-06-01T11:10:00.251657+00:00
generated_at: 2026-06-01T11:10:42.236997+00:00
sec_items: ["1.01", "2.03"]
event_type: debt
sentiment: positive
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001140361-26-023427
json_url: https://secwatch.observer/filing/0001140361-26-023427.json
markdown_url: https://secwatch.observer/filing/0001140361-26-023427.md
text_url: https://secwatch.observer/filing/0001140361-26-023427.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/0001140361-26-023427-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/ef20075181_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
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Source: SEC EDGAR

accession 0001140361-26-023427

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