Senior secured debt issuance
Company: Applied Digital
The claim, verbatim
Applied Digital priced $2.15 billion of senior secured notes with a 6.750% coupon.
Source (primary)
B. Riley Maintains $75 Price Target On Applied Digital (NASDAQ: APLD) After Polaris Forge 2 Site Visit - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “Applied Digital pricing $2.15 billion of senior secured notes to fund 200 MW at Polaris Forge 2 with a 6.750% coupon”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states Applied Digital priced $2.15 billion of senior secured notes with a 6.750% coupon.
Confirmed in the source:
- Applied Digital priced $2.15 billion of senior secured notes
- The notes carry a 6.750% coupon
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/08/22/b-riley-maintains-75-price-target-on-applied-digital-nasdaq-apld-after-polaris-forge-2-site-visit/) in full (2,821 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms B. Riley Maintains $75 Price Target On Applied Digital (NASDAQ: APLD) After Polaris Forge 2 Site Visit - foreignpolicyjournal.com
Quote: “Applied Digital pricing $2.15 billion of senior secured notes to fund 200 MW at Polaris Forge 2 with a 6.750% coupon”