Applied Digital prices USD 1.59 billion senior secured notes offering due 2031

Applied Digital

Applied Digital

APLD

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  • Applied Digital priced a USD 1.59 billion offering of 7% senior secured notes due 2031 at par.
  • Proceeds earmarked to fund 150 megawatts of critical IT load for the ELN-04 building at Polaris Forge 1 in North Dakota.
  • Funds also to repay a Goldman Sachs-led bridge loan facility, build debt service reserves, cover transaction costs.
  • Closing targeted for around June 16, 2026, subject to market conditions.


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