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What You Need to Know
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IREN has finalized a refinancing agreement, including the issuance of $2.3 billion in convertible bonds and the repurchase of $544.3 million in existing bonds.
The new bonds include $1 billion in 0.25% bonds due 2032, $1 billion in 1% bonds due 2033, and $300 million in greenshoe bonds.
These transactions generated $2.27 billion in net income, reduced IREN's cash coupon burden, and extended the maturity of its debt.$BTC #BitcoinActivityPicksUp #PostonSquaretoEarn$50 #DecemberMarketOutlook #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates