$1.59B 7% senior secured notes for Polaris Forge 1 third HPC building
Company: Applied Digital
The claim, verbatim
Applied Digital raised $1.59 billion of 7% senior secured notes to fund a third HPC building at Polaris Forge 1 in North Dakota.
Source (primary)
Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St. (-, news_article)
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Quote: “Its latest raise was $1.59 billion of 7% senior secured notes to fund a third HPC building at Polaris Forge 1 in North Dakota.”
How we checked this
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Additional evidence
confirms Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St.
Quote: “Its latest raise was $1.59 billion of 7% senior secured notes to fund a third HPC building at Polaris Forge 1 in North Dakota.”