IREN Closes $3.65bn Investment-Grade GPU Financing
IREN Limited has successfully closed a $3.65 billion investment-grade GPU financing facility, the largest publicly rated GPU financing to date, to support its AI Cloud contract with Microsoft. The facility includes a $2.10 billion U.S. private placement and a $1.55 billion delayed draw term loan, funding 96% of the $5.81 billion GPU capital expendi…