---
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"
generated_at: "2026-06-01T11:10:42.236997+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/0001140361-26-023427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/ef20075181_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-023427
- JSON: https://secwatch.observer/filing/0001140361-26-023427.json
- Plain text: https://secwatch.observer/filing/0001140361-26-023427.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.