~$6.4B debt, >80% due FY2031 or later
Company: Applied Digital
The claim, verbatim
Debt stood at about $6.4 billion; the company says more than 80% of that principal doesn't come due until fiscal 2031 or later.
Source (primary)
Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St. (-, news_article)
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Quote: “Debt at Applied Digital stood at about $6.4 billion, though the company says more than 80% of that principal doesn't come due until fiscal 2031 or later”
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Additional evidence
confirms Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St.
Quote: “Debt at Applied Digital stood at about $6.4 billion, though the company says more than 80% of that principal doesn't come due until fiscal 2031 or later”