Applied Digital Corporation (APLD) on Monday said its subsidiary, APLD ComputeCo LLC, intends to offer $2.35 billion of senior secured notes due 2030 in a private placement.
The company plans to use the net proceeds from the offering to fund construction and related expenses for its 100 MW and 150 MW data centers at Applied Digital's 400 MW Ellendale, North Dakota campus, repay existing debt under its February 2025 Credit and Guaranty Agreement, fund the Debt Service Reserve Account as required by the notes' indenture, and cover transaction expenses.
Applied Digital shares were up 2.8% at $31.78 in pre-market trading.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.