$1.59B 7% senior secured notes for Polaris Forge 1 building 3
Company: Applied Digital
The claim, verbatim
Applied Digital issued $1.59 billion of 7% senior secured notes to fund the third building at its Polaris Forge 1 campus and to repay a bridge loan.
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
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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.”