{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-022506","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.889619+00:00","generated_at":"2026-05-16T19:44:02.845983+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"APLD ComputeCo prices $2.35B of 9.250% senior secured notes due 2030 at 97%","bullets":["Net proceeds to fund construction of 100 MW and 150 MW data centers (ELN-02 and ELN-03) at Polaris Forge 1 campus in Ellendale, ND.","$2.35B aggregate principal, 9.250% interest, due 2030; priced at 97% of par.","Proceeds also repay Sumitomo Mitsui Banking Corp credit agreement balance plus accrued interest, fund debt service reserves and transaction costs.","Notes guaranteed by APLD Compute's direct and indirect subsidiaries; secured by first-priority liens on substantially all assets of APLD Compute and guarantors.","Closing expected Nov 20, 2025; private placement to QIBs under Rule 144A and offshore under Reg S."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-022506","json":"https://secwatch.observer/filing/0001493152-25-022506.json","markdown":"https://secwatch.observer/filing/0001493152-25-022506.md","text":"https://secwatch.observer/filing/0001493152-25-022506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225022506/0001493152-25-022506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225022506/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:44:02.845983+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}