He @Aktienfox was faster, of course, because he has a few hours' head start 😎😂.
Nevertheless, here is also what Investing $IREN (+1,15%) writes.
Investing.com - The share of IREN Limited (NASDAQ:IREN) fell 7% in after-hours trading on Monday after the company announced its intention to issue $2 billion of convertible senior notes in a private placement to qualified institutional buyers.
The planned offering consists of US$1 billion of convertible senior notes due 2032 and an additional US$1 billion due 2033. IREN also intends to grant initial subscribers options to purchase up to US$150 million of additional notes of each series within 13 days of the offering.
The bonds are senior unsecured notes with semi-annual interest payments. Bondholders have the right to convert the bonds under certain circumstances, with IREN having the option to settle the conversion in cash, common stock or a combination of both.
At the same time, IREN announced a registered direct placement of common shares to fund the repurchase of a portion of its outstanding convertible bonds due 2029 and 2030. The Company expects the proceeds from this equity offering to be approximately equal to the cash required for these repurchases.
IREN intends to use the net proceeds from both offerings to fund capped call transactions, to repurchase existing convertible bonds and for general corporate purposes. The capped call transactions are intended to reduce the potential dilution of the ordinary shares upon conversion of the new bonds.
