$2.35B senior secured notes due 2030
Company: Applied Digital
The claim, verbatim
Completed a $2.35 billion private offering of 9.25% senior secured notes due 2030 at 97% of par, proceeds for ELN-02 and ELN-03 construction, SMBC Loan repayment and debt service reserves.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-03)Live source ↗Archive.org ↗
Quote: “Completed a $2.35 billion private offering of 9.25% senior secured notes due 2030, issued at 97% of par, with proceeds allocated to construction of the 100 MW (ELN‑02) and 150 MW (ELN‑03) facilities at Polaris Forge 1, repayment of the SMBC Loan, and establishment of required debt service reserves.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Completed a $2.35 billion private offering of 9.25% senior secured notes due 2030, issued at 97% of par, with proceeds allocated to construction of the 100 MW (ELN‑02) and 150 MW (ELN‑03) facilities at Polaris Forge 1, repayment of the SMBC Loan, and establishment of required debt service reserves.”