Applied Digital Announces Pricing of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
Applied Digital announced the pricing of $1.59 billion in 7.000% senior secured notes due 2031, issued by its subsidiary APLD ComputeCo 3 LLC. The proceeds will fund the construction of 150 megawatts of critical IT load at the ELN-04 building within the Polaris Forge 1 AI Factory campus in Ellendale, North Dakota.
Key figures
- Deal Value Usd
- 1590000000
- Maturity
- 2031
- Capacity mw
- 150
- Interest rate
- 7.000%
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