APLD ComputeCo 3 $1.59B 7% notes due 2031
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
APLD ComputeCo 3 issued $1.59 billion of 7% senior secured notes due 2031 to fund Polaris Forge 1's final 150 MW building and retire a $300 million bridge loan.
Source (primary)
Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “Applied Digital's APLD ComputeCo 3 subsidiary issued $1.59 billion of 7% senior secured notes due 2031”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article states that APLD ComputeCo 3 issued $1.59 billion of 7% senior secured notes due 2031 to build Polaris Forge 1's final 150 MW building and retire a $300 million bridge loan.
Confirmed in the source:
- APLD ComputeCo 3, an Applied Digital subsidiary, issued $1.59 billion of senior secured notes
- The notes carry a 7% rate and are due 2031
- The proceeds cover construction of Polaris Forge 1's final 150 MW building
- The proceeds also retire a $300 million bridge loan
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/needham-cuts-applied-digital-price-141452666.html) in full (8,735 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance
Quote: “Applied Digital's APLD ComputeCo 3 subsidiary issued $1.59 billion of 7% senior secured notes due 2031”