$1.59 billion Senior Secured Notes offering
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Closed $1.59 billion of 7.000% Senior Secured Notes due 2031 through subsidiary APLD ComputeCo 3 LLC to repay bridge facility and fund construction of 150 MW fourth building at Polaris Forge 1
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: “Closed $1.59 billion of 7.000% Senior Secured Notes due 2031 (issued at par) through our subsidiary APLD ComputeCo 3 LLC. Proceeds from this offering were used to repay the $300 million bridge facility and will fund the construction of the fourth building (150 MW), at Polaris Forge 1.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
All details appear verbatim in the Subsequent to the Quarter section.
Confirmed in the source:
- Closed $1.59 billion of 7.000% Senior Secured Notes due 2031 through subsidiary APLD ComputeCo 3 LLC
- Proceeds were used to repay the $300 million bridge facility and will fund construction of the 150 MW fourth building at Polaris Forge 1
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: “Closed $1.59 billion of 7.000% Senior Secured Notes due 2031 (issued at par) through our subsidiary APLD ComputeCo 3 LLC. Proceeds from this offering were used to repay the $300 million bridge facility and will fund the construction of the fourth building (150 MW), at Polaris Forge 1.”