Applied Digital Prices $1.59B Notes
Analysis based on 6 articles · First reported Jun 09, 2026 · Last updated Jun 15, 2026
The successful pricing of a $1.59 billion debt offering by Applied Digital's subsidiary, APLD ComputeCo 3 LLC, signals strong institutional investor confidence in the hyperscale AI infrastructure sector. This capital infusion will enable Applied Digital to expand its AI Factory campus, Polaris Forge 1, significantly increasing its capacity and solidifying its position in the rapidly growing AI data center market, which is likely to positively impact its stock price.
APLD ComputeCo 3 LLC, a subsidiary of Applied Digital, has priced a $1.59 billion offering of 7.000% senior secured notes due 2031. The private offering, expected to close around June 16, 2026, will fund the construction of a fourth building (ELN-04) with 150 megawatts of critical IT load at Applied Digital's Polaris Forge 1 AI Factory campus in Ellendale, United States — North Dakota. The proceeds will also be used to repay a bridge loan facility from Goldman Sachs Bank USA, fund debt service reserves, and cover transaction expenses. This capital raise highlights Applied Digital's ability to access institutional debt markets for its expanding AI infrastructure portfolio.
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