$1.59B 7% senior secured notes
Company: Applied Digital
The claim, verbatim
APLD issued $1.59 billion of 7% senior secured notes to fund the third building at Polaris Forge 1 and repay a bridge loan. The coupon improved from 9.25% on an earlier issuance.
Source (primary)
APLD's Interest Costs Surge: Can AI Growth Restore Profitability? - Yahoo Finance (-, news_article)
View cached copy (2026-10-20)Live source ↗
Quote: “APLD issued $1.59 billion in 7% senior secured notes to fund the third building at Polaris Forge 1 and repay a bridge loan.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms APLD's Interest Costs Surge: Can AI Growth Restore Profitability? - Yahoo Finance
Quote: “APLD issued $1.59 billion in 7% senior secured notes to fund the third building at Polaris Forge 1 and repay a bridge loan.”