Blue Owl-led fund completes $2.4 billion debt financing for Iren GPU purchases

  • Blue Owl Capital fund led debt financing supporting Iren’s Nvidia GPU purchases.
  • $2.4 billion financing includes two equal $1.2 billion components at 9% interest.
  • Iren can purchase equipment in stages; PIMCO is among the guarantors.

A fund under Blue Owl Capital led a $2.4 billion debt financing for cloud computing services provider Iren to purchase Nvidia Blackwell Ultra GPUs for its Canadian data center campus. The financing comprises a $1.2 billion senior secured term loan and $1.2 billion of senior secured notes, with a structure allowing Iren to acquire the equipment in stages during a specified period. Pacific Investment Management Co. is among the guarantors. The financing carries a 9% interest rate and has a two-and-a-half-year term, Bloomberg reported.

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Blue Owl-led fund completes $2.4 billion debt financing for Iren GPU purchases - CoinPost Terminal