Applied Digital Announces Proposed Offering of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 Campus
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, March 02, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a leading designer, builder and operator of high-performance, sustainably engineered data centers and colocation services for Artificial Intelligence (“AI”), networking, and blockchain workloads, today announced that its subsidiary, APLD ComputeCo 2 LLC (“APLD Compute 2”), intends to offer, subject to market conditions and other factors, $2.15 billion aggregate principal amount of senior secured notes due 2031 (the “Notes”), in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. APLD Compute 2 intends to use the net proceeds from the offering to fund the development and construction of 200 megawatts of critical IT load at Polaris F
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News
- Applied Digital Announces Pricing of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 CampusGlobeNewswire
- Applied Digital (NASDAQ:APLD) had its "buy" rating reaffirmed by analysts at Roth Mkm.MarketBeat
- Applied Digital (NASDAQ:APLD) was given a new $56.00 price target on by analysts at Northland Securities.MarketBeat
- Applied Digital (NASDAQ:APLD) had its "outperform" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Applied Digital Breaks Ground on Delta Forge 1, a 430 MW AI Factory Campus in a Southern U.S. StateGlobeNewswire
APLD
Earnings
- 1/7/26 - Beat
APLD
Sec Filings
- 3/4/26 - Form 8-K
- 3/4/26 - Form 8-K
- 3/2/26 - Form 8-K
- APLD's page on the SEC website