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Applied Digital unit completes $1.59 billion 7% senior secured notes offering due 2031

PUBT·06/16/2026 20:31:42
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Applied Digital unit completes $1.59 billion 7% senior secured notes offering due 2031
  • Applied Digital closed a USD 1.59 billion private offering of 7.000% Senior Secured Notes due 2031 through subsidiary APLD ComputeCo 3.
  • Proceeds earmarked for 150 megawatts of critical IT load buildout at Polaris Forge 1 in Ellendale, North Dakota.
  • Funds also targeted to repay a Goldman Sachs Bank USA bridge loan facility, establish debt service reserves, and cover transaction expenses.
  • Notes priced at 100% of principal; interest payable semi-annually starting Dec. 15, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-028899), on June 16, 2026, and is solely responsible for the information contained therein.