---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027979"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2026-06-09T21:27:22+00:00"
generated_at: "2026-06-09T21:28:42.486546+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Applied Digital subsidiary prices $1.59B senior secured notes at 7% for Polaris Forge 1 expansion

## Summary
- $1.59B aggregate principal of 7.000% senior secured notes due 2031 priced at par.
- Proceeds to fund construction of 150 MW critical IT load at fourth building (ELN-04) at Polaris Forge 1 in Ellendale, ND.
- Net proceeds will also repay bridge loan under Credit and Guaranty Agreement with Goldman Sachs Bank USA.
- Offering expected to close on or around June 16, 2026, subject to market conditions.
- Notes are private placement to QIBs under Rule 144A and Regulation S; secured by substantially all assets of subsidiary and Guarantors.

## SEC filing metadata
- accession: 0001493152-26-027979
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2026-06-09T21:27:22+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/0001493152-26-027979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027979
- JSON: https://secwatch.observer/filing/0001493152-26-027979.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027979.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.