Applied Digital Corporation has priced $1.59 billion in 7.000% senior secured notes due 2031 to finance the construction of its fourth building at the Polaris Forge 1 AI Factory campus in North Dakota. The proceeds will also repay a bridge loan from Goldman Sachs, fund debt reserves, and cover transaction costs. The notes, backed by the company's subsidiaries and secured by their assets, are offered privately to qualified institutional buyers and non-U.S. persons. This funding supports Applied Digital's expansion in high-performance AI data centers, critical for growing AI, networking, and blockchain workloads.
Applied Digital Corporation secured a 210 MW, $5.2 billion, 15-year lease at Delta Forge 2, expanding its contracted revenue backlog to $36 billion across five campuses. This deal highlights the strength of APLD's franchise model, which now has 1.4 G...
Applied Digital Corporation announced a proposed private offering of $1.59 billion in senior secured notes due 2031 to fund the construction of a new 150 MW AI data center building at its Polaris Forge 1 campus in North Dakota. The proceeds will also...
Applied Digital has secured a 15-year lease agreement worth approximately $5.2 billion for 210 MW of critical IT load at its new Delta Forge 2 AI Factory campus in a southern U.S. state. This marks the company's fifth AI Factory campus and expands it...
Applied Digital has secured a $5.2 billion long-term lease agreement for 210 MW of critical IT load at its new Delta Forge 2 AI Factory campus in a southern U.S. state. This marks the company's fifth AI Factory campus and expands its franchise model,...
Applied Digital Corporation has secured a revolving credit facility of up to $550 million, arranged by Goldman Sachs, to support the development of its AI-focused data centers and general corporate needs. The facility includes $350 million committed ...
