$2.4B GPU financing at 9% coupon
Company: IREN
The claim, verbatim
Secured $2.4 billion in senior secured GPU financing for graphics processing units, split evenly between a term loan and senior secured notes, both priced at 9% coupon, led by Blue Owl Capital
Source (primary)
IREN Climbs 4% on $2.4B Blue Owl-Led GPU Financing; Cipher Digital Gains 2% - Yahoo Finance (-, 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% - Yahoo Finance
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.”