Applied Digital Completes $1.59 Billion Notes Sale to Fund Polaris Forge Expansion
Applied Digital has completed a $1.59 billion private offering of 7% senior secured notes due in 2031, with proceeds intended for the expansion of its AI data center campus and repayment of a bridge loan from Goldman Sachs Bank USA.
Tickers: $APLD
Topics: AI infrastructure data center expansion debt issuance