Huo Xing Finance reports, according to Bloomberg, a fund under Blue Owl Capital led a $2.4 billion debt financing to support cloud service provider Iren in purchasing NVIDIA Blackwell Ultra GPUs for its Canadian data center campus. The financing includes $1.2 billion in senior secured term loans and an equal amount in senior secured notes, structured to allow Iren to procure equipment in phases over a specified period. Pacific Investment Management Company is also one of the guarantors of this financing. Documents show the financing carries an interest rate of 9% and a term of two and a half years.
Iren Secures $2.4 Billion in Debt Financing to Purchase NVIDIA Blackwell Ultra GPUs
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Summary
Iren has secured $2.4 billion in debt financing to purchase NVIDIA Blackwell Ultra GPUs for its Canadian data center park, according to interest rate news. The deal was led by Blue Owl Capital’s fund, comprising a $1.2 billion senior secured term loan and $1.2 billion in senior secured notes. PIMCO is a guarantor. The financing carries a 9% interest rate and a 2.5-year term. Inflation data remains a key factor in such high-cost transactions.
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