Applied Digital Corporation
Applied Digital Subsidiary Announces $2.15 Billion Senior Secured Notes Offering
Summary
On March 4, 2026, APLD ComputeCo 2 LLC, a subsidiary of Applied Digital Corporation, announced the pricing of a $2.15 billion offering of 6.750% senior secured notes due 2031 at an issue price of 98%. The offering is intended to fund the development and construction of a 200-megawatt data center campus in Harwood, North Dakota, as well as related accounts. The notes will be offered to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S. The transaction is expected to close around March 10, 2026, subject to conditions.
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About Applied Digital Corporation
Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.
Official SEC Documents
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