$1.59B 7% senior secured notes due 2031
Company: Applied Digital
The claim, verbatim
Applied Digital closed $1.59 billion of 7% senior secured notes due 2031 to fund construction of the third 150 MW HPC building at Polaris Forge 1 and repay the $300 million bridge facility.
Source (primary)
Why Is Applied Digital Corporation (APLD) Down 40.6% Since Last Earnings Report? - Yahoo Finance (-, news_article)
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Quote: “APLD closed $1.59 billion of 7% senior secured notes due 2031 to fund construction of the third 150 MW HPC building at Polaris Forge 1 and repay the $300 million bridge facility.”
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Additional evidence
confirms Why Is Applied Digital Corporation (APLD) Down 40.6% Since Last Earnings Report? - Yahoo Finance
Quote: “APLD closed $1.59 billion of 7% senior secured notes due 2031 to fund construction of the third 150 MW HPC building at Polaris Forge 1 and repay the $300 million bridge facility.”