Bitcoin mining company IREN announced that it will increase the total amount of convertible senior note issuance financing to US$550 million
According to online reports, IREN, a Nasdaq-listed bitcoin mining company, announced that it will privately issue 3.50% convertible senior notes due 2029 to qualified institutional buyers. The total issuance size will increase to US$500 million from the previous US$450 million. In addition, an additional US$50 million will be added in over-allotment, with an estimated net income of approximately US$534.9 million. The relevant funds will be used to pay the cost of capped call option transactions, prepaid forward transactions, as well as general corporate purposes and working capital.
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