Applied Digital announces $1.59 billion senior secured notes offering
The notes will fund construction of the fourth building at Polaris Forge 1 and repay a bridge loan, plus cover reserves and expenses.
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Digital infrastructure provider for AI and hyperscale computing
applieddigital.comLast updated
In short: Applied Digital accelerated its expansion as a premier AI infrastructure provider by securing multibillion-dollar leases with major hyperscalers.
The notes will fund construction of the fourth building at Polaris Forge 1 and repay a bridge loan, plus cover reserves and expenses.
The 15-year lease with a U.S. hyperscaler adds a fifth AI factory campus, bringing total contracted revenue to $36 billion.
The credit facility, arranged by Goldman Sachs, will support data center development and working capital needs.
The Delta Forge 1 campus in Rapides Parish will support large-scale AI workloads, marking over 1.2 GW of contracted capacity.
Applied Digital Corporation is bringing a $3.6 billion artificial intelligence campus to Rapides Parish, Gov. Jeff Landry announced Tuesday. The facility, called Delta Forge 1...
Applied Digital is successfully transitioning into a premier digital infrastructure landlord by...
Applied Digital (NasdaqGS:APLD) has priced and closed a US$1.59b senior secured notes offering. The ...
Applied Digital Corporation (NASDAQ: APLD) ("Applied Digital" or the "Company"), a leading designer, builder and operator of high-performance, sustainably engineered data centers and colocation services...
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