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$2.15 billion senior secured notes offering

Company: Applied Digital - Project: Polaris Forge 2

Subject kind
financing
Statement date
2026-08-22
Current status
stated

The claim, verbatim

Applied Digital priced $2.15 billion of senior secured notes with a 6.750% coupon to fund 200 MW at Polaris Forge 2

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

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

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”

View cached copy (2026-08-31)Live source ↗Archive.org ↗