secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2026-06-09T21:27:22+00:00
Accession:  0001493152-26-027979
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/0001493152-26-027979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027979

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