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← Applied Digital Corporation
Wed, Jun 17, 2026

Applied Digital releases escrowed proceeds of Polaris Forge 2 notes

Source document ↗

Key points

  • Amends the March 10, 2026 8-K on the 6.75% senior secured notes due 2031 issued by subsidiary APLD ComputeCo 2 LLC.
  • The gross proceeds of the offering had been deposited in an escrow account pending satisfaction of the ESA Condition.
  • On June 17, 2026, having satisfied the ESA Condition, the issuer delivered an escrow release certificate directing the escrow agent to release the funds to the issuer.
  • The released funds are to be applied in accordance with the escrow agreement and the indenture.