$1.59B 7% senior secured notes due 2031 for another 150 MW Polaris Forge 1 building
Company: Applied Digital
The claim, verbatim
Applied Digital issued $1.59 billion of 7% senior secured notes due 2031 to fund another 150 MW building at Polaris Forge 1 and repay a $300 million bridge loan.
Source (primary)
Applied Digital Jumps 8.5% After Soluna Joint Venture for a 50 MW Wind-Powered AI Data Center - TIKR.com (-, news_article)
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Quote: “It added $1.59 billion of 7% senior secured notes due 2031 to fund another 150 MW building at Polaris Forge 1 and repay a $300 million bridge loan.”
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Additional evidence
confirms Applied Digital Jumps 8.5% After Soluna Joint Venture for a 50 MW Wind-Powered AI Data Center - TIKR.com
Quote: “It added $1.59 billion of 7% senior secured notes due 2031 to fund another 150 MW building at Polaris Forge 1 and repay a $300 million bridge loan.”