$450 million 2.75% Convertible Senior Notes due 2030
Company: Applied Digital
The claim, verbatim
Applied Digital completed an offering of $450 million in 2.75% Convertible Senior Notes due 2030, with net proceeds of approximately $435.2 million
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
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Quote: “Completed a $450 million offering of 2.75% Convertible Senior Notes due 2030, including $75 million from an option exercised by initial purchasers. Net proceeds were approximately $435.2 million, with $84 million allocated for share repurchases and the remainder for general corporate purposes.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Completed a $450 million offering of 2.75% Convertible Senior Notes due 2030, including $75 million from an option exercised by initial purchasers. Net proceeds were approximately $435.2 million, with $84 million allocated for share repurchases and the remainder for general corporate purposes.”