$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)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
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
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states Applied Digital completed a $450 million offering of 2.75% convertible notes due 2030 with net proceeds of about $435.2 million.
Confirmed in the source:
- Applied Digital completed a $450 million offering of 2.75% Convertible Senior Notes due 2030
- Net proceeds were approximately $435.2 million
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/118/applied-digital-reports-fiscal-second-quarter-2025-results/) in full (35,851 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
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.”