$2.15B senior secured notes offering
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital's subsidiary APLD Compute 2 priced a $2.15 billion offering of 6.750% senior secured notes due 2031 at an issue price of 98%, expected to close on or around March 10, 2026
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “APLD ComputeCo 2 LLC ("APLD Compute 2"), has priced a $2.15 billion offering (the "Offering") of 6.750% senior secured notes due 2031 (the "Notes") at an issue price of 98%... The Offering is expected to close on or around March 10, 2026”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document states all of these details: the $2.15 billion offering by APLD Compute 2, the 6.750% rate, 2031 maturity, 98% issue price, and expected close around March 10, 2026.
Confirmed in the source:
- Applied Digital's subsidiary APLD Compute 2 priced a $2.15 billion offering of senior secured notes
- The notes carry a 6.750% coupon and are due 2031
- The notes were priced at an issue price of 98%
- The offering is expected to close on or around March 10, 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315226008772/ex99-1.htm) in full (8,181 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “APLD ComputeCo 2 LLC ("APLD Compute 2"), has priced a $2.15 billion offering (the "Offering") of 6.750% senior secured notes due 2031 (the "Notes") at an issue price of 98%... The Offering is expected to close on or around March 10, 2026”