Senior secured notes offering by subsidiary
Company: Applied Digital
What the later record shows
Delivered on time · happened November 20, 2025
The 10-Q states that APLD ComputeCo closed the $2.35 billion 9.250% notes offering at 97.000% on November 20, 2025, as expected.
“On November 20, 2025, our subsidiary APLD ComputeCo, closed a $2.35 billion offering (the “Notes Offering”) of 9.250% senior secured notes due 2030”
2026-01-07 · Applied Digital 10-Q filed 2026-01-08 View cached copy (2026-08-31)Live source ↗
“The aggregate principal amount of Notes sold in the offering was $ 2.35 billion. The Notes were issued at a price equal to 97 % of their aggregate principal amount.”
2026-01-07 · Applied Digital 10-Q filed 2026-01-08 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
APLD ComputeCo LLC priced an offering of $2.35 billion aggregate principal amount of 9.250% senior secured notes due 2030 at an issue price of 97%, expected to close on or around November 20, 2025
Source (primary)
Applied Digital 8-K filed 2025-11-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “APLD ComputeCo LLC, its subsidiary, priced its offering of $2.35 billion aggregate principal amount of 9.250% senior secured notes due 2030 (the "Offering") at an issue price of 97%. The Offering is expected to close on or around November 20, 2025, subject to market and other conditions.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Applied Digital's November 13, 2025 Form 8-K states every element of the claim: the subsidiary, the amount, the rate, the maturity, the issue price, and the expected closing date.
Confirmed in the source:
- APLD ComputeCo LLC, a subsidiary of Applied Digital Corporation, priced the offering
- The offering is $2.35 billion aggregate principal amount
- The notes are 9.250% senior secured notes due 2030
- The issue price is 97%
- The offering was expected to close on or around November 20, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225022506/form8-k.htm) in full (5,433 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-11-14
Quote: “APLD ComputeCo LLC, its subsidiary, priced its offering of $2.35 billion aggregate principal amount of 9.250% senior secured notes due 2030 (the "Offering") at an issue price of 97%. The Offering is expected to close on or around November 20, 2025, subject to market and other conditions.”
confirms Applied Digital 10-Q filed 2026-01-08
Quote: “On November 20, 2025, our subsidiary APLD ComputeCo, closed a $2.35 billion offering (the “Notes Offering”) of 9.250% senior secured notes due 2030”