Senior Secured Notes offering for Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031, issued through subsidiary APLD ComputeCo 2 LLC at 98% of par, with proceeds funding development and construction of 200 MW at Polaris Forge 2.
Source (primary)
applied-digital 8-K exhibit (apldq326earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-10)Live source ↗
Quote: “Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031, issued at 98% of par through its subsidiary APLD ComputeCo 2 LLC. Proceeds will fund the development and construction of 200 MW of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq326earningsrelease.htm)
Quote: “Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031, issued at 98% of par through its subsidiary APLD ComputeCo 2 LLC. Proceeds will fund the development and construction of 200 MW of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota.”