NeoCapCompaniesValuationsScenariosMetrics
Log inSign up
← Applied Digital Corporation
Wed, Mar 4, 2026

Applied Digital announces pricing of $2.15 billion of senior secured notes to fund Polaris Forge 2

Source document ↗

Key points

  • 6.750% senior secured notes due 2031 issued by APLD ComputeCo 2 LLC at 98% of par; "expected to close on or around March 10, 2026"; proceeds fund 200 MW of critical IT load at Polaris Forge 2 (Harwood, ND), the project accounts and debt service reserve.