Applied Digital Subsidiary Prices $2.35 Billion Senior Secured Notes Offering

Reuters11-21

<a href="https://laohu8.com/S/APLD">Applied Digital</a> Subsidiary Prices $2.35 Billion Senior Secured Notes Offering

Applied Digital Corporation announced the completion of a previously disclosed private debt offering by its subsidiary, APLD ComputeCo LLC. The company issued $2.35 billion aggregate principal amount of 9.250% Senior Secured Notes due 2030. The notes were issued at 97.000% of their principal amount and will mature on December 15, 2030. Interest on the notes is payable semi-annually in arrears on June 15 and December 15 of each year, starting June 15, 2026. The principal will begin to amortize semi-annually on December 15, 2027, as specified in the indenture. Proceeds from the offering will be used for the construction of new data centers at Applied Digital's Ellendale, North Dakota campus, repayment of certain credit agreements, and other transaction expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-024479), on November 20, 2025, and is solely responsible for the information contained therein.

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