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by Legal Desire
1 September 2026

Latham & Watkins Advises Blue Owl on US$2.4 Billion Financing for IREN GPU Infrastructure Deployment, One of the Largest AI Compute Financings of the Year and the Largest in Canada

Advising firms

Deal team

9 lawyers named
LawyerFirmSeniorityPracticeOffice
Chirag Dedania Lead Latham & Watkins LLP Partner Not stated Not stated
Haim Zaltzman Lead Latham & Watkins LLP Partner Not stated Not stated
Ian Drazen Latham & Watkins LLP Associate Not stated Not stated
Will Sedgwick Latham & Watkins LLP Associate Not stated Not stated
Tristan Davis Latham & Watkins LLP Associate Not stated Not stated
William Kessler Latham & Watkins LLP Counsel tax Not stated
Andrew Galdes Latham & Watkins LLP Partner sanctions Not stated
Matthew Gregory Latham & Watkins LLP Associate sanctions Not stated
Joseph Bargnesi Latham & Watkins LLP Partner anti-bribery, corruption, and anti-money laundering Not stated

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Stated terms

Stated value
USD 2.40bn (US$2.4 billion)
What the figure measures
Total transaction value
Client
Blue Owl Capital Inc.Lenders
Counterparties
IREN Limited (Borrower)