Iren Limited Secures $2.4 Billion in Financing Led by Blue Owl Capital
Iren Limited has successfully secured $2.4 billion in financing, comprising a $1.2 billion senior secured term loan and $1.2 billion in senior secured notes. This funding will facilitate the acquisition of NVIDIA Accelerated Computing Infrastructure for IREN's Mackenzie data center in British Columbia, Canada, as part of its strategy to enhance AI Cloud infrastructure.
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Blue Owl Capital has led a $2.4 billion financing package for Iren Limited, which includes a $1.2 billion senior secured term loan and $1.2 billion of senior secured notes. The funds will enable IREN to purchase air-cooled NVIDIA Accelerated Computing Infrastructure, specifically NVIDIA Blackwell Ultra GPUs, to support its Mackenzie data center in British Columbia, Canada.
The financing structure allows for equipment purchases to be funded in tranches, aligning capital deployment with hardware delivery. IREN's efforts contribute to a broader 5GW global data center development pipeline, addressing rising customer demand for AI compute resources. This investment positions Blue Owl and IREN to capitalize on the growing AI infrastructure sector, potentially offering strong returns amid an expanding market.
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