Blue Owl-led GPU financing package
Company: IREN
The claim, verbatim
IREN secured $2.4 billion of senior secured financing led by Blue Owl Capital for GPU purchases, split evenly between a term loan and senior secured notes, both at 9% coupon
Source (primary)
IREN Climbs 4% on $2.4B Blue Owl-Led GPU Financing; Cipher Digital Gains 2% - 24/7 Wall St. (-, news_article)
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Quote: “the company secured $2.4 billion of senior secured financing led by Blue Owl Capital, with proceeds directed at funding graphics processing unit purchases for its AI cloud business. The package is split evenly between a term loan and senior secured notes, both priced at a 9% coupon.”
How we checked this
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Additional evidence
confirms IREN Climbs 4% on $2.4B Blue Owl-Led GPU Financing; Cipher Digital Gains 2% - 24/7 Wall St.
Quote: “the company secured $2.4 billion of senior secured financing led by Blue Owl Capital, with proceeds directed at funding graphics processing unit purchases for its AI cloud business. The package is split evenly between a term loan and senior secured notes, both priced at a 9% coupon.”