Latham Advises on IREN Limited’s Upsized US$500 Million Convertible Senior Notes Offering

IREN Limited (NASDAQ: IREN) (ACN 629 842 799), a leading data center business powering the future of Bitcoin, AI, and beyond utilizing 100% renewable energy, has announced the pricing of its offering of US$500 million aggregate principal amount of 3.50% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by New York partners Stelios Saffos and Brittany Ruiz, and Orange County partner Drew Capurro, with associates Sara Johnson, Madison Venezia, and with assistance from Harris Scott. Advice was provided on convertible debt matters by New York partner Andrew Blumenthal, with associates Ryan Gold and Andrew Bentz; on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with associates Shawn Noh and Henry Lin; on tax matters by New York partner Elena Romanova, with associate Joyce Shin; on crypto and digital assets matters by New York partner Jenny Cieplak, with associate Connor Jobes; on sanctions matters by Washington, D.C. partner Eric Volkman, with associates Matthew Gregory and Shaza Loutfi; and on benefits matters by New York partner Bradd Williamson and Chicago counsel Leah Segall.