Applied Digital Reveals Pricing for $2.35 Billion in Senior Secured Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Should l Buy APLD?
Source: Yahoo Finance
Offering Announcement: Applied Digital Corporation's subsidiary, APLD ComputeCo LLC, has priced a $2.35 billion offering of 9.250% senior secured notes due 2030, expected to close around November 20, 2025, to fund data center construction and repay existing debt.
Use of Proceeds: The proceeds from the offering will be used for the construction of two data centers in North Dakota, repayment of existing loans, and covering transaction expenses.
Guarantees and Security: The notes will be guaranteed by APLD Compute's subsidiaries and secured by first-priority liens on substantially all assets, with completion guarantees provided by Applied Digital to ensure timely project completion.
Forward-Looking Statements: The press release includes forward-looking statements regarding the offering, construction timelines, and potential risks, cautioning investors about uncertainties that could affect actual results.
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Analyst Views on APLD
Wall Street analysts forecast APLD stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 34.250
Low
36.00
Averages
52.22
High
99.00
Current: 34.250
Low
36.00
Averages
52.22
High
99.00
About APLD
Applied Digital Corporation is a designer, builder, and operator of sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. The Company’s segments include data center hosting (Data Center Hosting Business) and high-performance compute hosting (HPC Hosting Business). The Data Center Hosting Business operates data centers to provide energized space to crypto mining customers. Customer-owned hardware is installed in its facilities, and the Company provides operational and maintenance services for a fixed fee. Its facilities include a 106 megawatt (MW) facility in Jamestown and a 180 MW facility in Ellendale, North Dakota. The HPC Hosting Business designs, builds, and operates data centers which are designed to support high-compute applications using advanced technologies and infrastructures to provide services to customers. Its HPC data center is located at its Polaris Forge 1 campus with 100 MW capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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