{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-008549","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.619148+00:00","generated_at":"2026-05-15T22:32:15.229449+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Applied Digital subsidiary proposes $2.15B senior secured notes due 2031 for Polaris Forge 2 development","bullets":["APLD ComputeCo 2 LLC intends to offer $2.15B aggregate principal of senior secured notes due 2031 in private placement.","Net proceeds to fund 200 MW critical IT load at Polaris Forge 2 AI Factory campus in Harwood, ND, currently leased to Oracle.","Notes fully guaranteed by six subsidiaries; secured by first-priority liens on substantially all assets of issuer and guarantors.","Applied Digital will provide completion guarantees to ensure timely completion of the Polaris Forge 2 project.","Offering subject to market conditions; no assurance of timing, terms, or completion."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-008549","json":"https://secwatch.observer/filing/0001493152-26-008549.json","markdown":"https://secwatch.observer/filing/0001493152-26-008549.md","text":"https://secwatch.observer/filing/0001493152-26-008549.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008549/0001493152-26-008549-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008549/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:32:15.229449+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"}