2030 senior secured notes issuance
Company: Applied Digital
The claim, verbatim
Applied Digital issued $2.35 billion of senior secured notes carrying a 9.25% coupon, raised in November 2025
Source (primary)
Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex (-, news_article)
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Quote: “Its 2030 senior secured notes carry a 9.25% coupon on $2.35 billion raised in November 2025”
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Additional evidence
confirms Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex
Quote: “Its 2030 senior secured notes carry a 9.25% coupon on $2.35 billion raised in November 2025”