$2.15 billion Senior Secured Notes offering
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031 to fund development of 200 MW of critical IT load at Polaris Forge 2
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031 (issued at 98% of par) through its subsidiary APLD ComputeCo 2 LLC. Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states verbatim the offering amount, rate, maturity, and use of proceeds for Polaris Forge 2.
Confirmed in the source:
- Applied Digital completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031
- Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apldq426earningsreleaseasf.htm) in full (54,633 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031 (issued at 98% of par) through its subsidiary APLD ComputeCo 2 LLC. Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.”