{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-008772","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.619278+00:00","generated_at":"2026-05-15T21:25:56.003246+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Applied Digital subsidiary prices $2.15B senior secured notes at 6.75% to fund Polaris Forge 2 AI campus","bullets":["$2.15B aggregate principal of 6.750% senior secured notes due 2031 priced at 98% of par.","Proceeds to fund 200 MW of critical IT load at Polaris Forge 2 in Harwood, ND, leased to Oracle.","Offering expected to close around March 10, 2026; notes sold under Rule 144A and Regulation S.","Notes fully and unconditionally guaranteed by six subsidiaries; secured by first-priority liens on substantially all assets.","Applied Digital provides completion guarantees to ensure timely completion of Polaris Forge 2 project."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-008772","json":"https://secwatch.observer/filing/0001493152-26-008772.json","markdown":"https://secwatch.observer/filing/0001493152-26-008772.md","text":"https://secwatch.observer/filing/0001493152-26-008772.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008772/0001493152-26-008772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008772/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:25:56.003246+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"}