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Convertible notes interest rate and maturity date

Company: Applied Digital

Subject kind
financing
Statement date
2024-11-04
Promised by
2030-06-01
Promised amount
2.75 percent
Current status
stated

The claim, verbatim

Convertible notes bear interest at 2.75% per year payable semiannually on June 1 and December 1, and will mature on June 1, 2030.

Source (primary)

Applied Digital 8-K filed 2024-11-05 (SEC EDGAR, sec_filing)
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Quote: “The notes are senior unsecured obligations of the Company and bear interest at a rate of 2.75% per year payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025. The notes will mature on June 1, 2030”

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 Applied Digital 8-K filed 2024-11-05

Quote: “The notes are senior unsecured obligations of the Company and bear interest at a rate of 2.75% per year payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025. The notes will mature on June 1, 2030”

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