Applied Digital (APLD) on Monday said its subsidiary, APLD ComputeCo intends to offer $2.35 billion aggregate principal amount of senior secured notes due 2030 in a private offering.
APLD Compute intends to use the net proceeds from the offering to fund a portion of the construction and associated expenses of its 100 megawatt and 150 MW data centers, ELN-02 and ELN-03, at Applied Digital’s 400 MW Ellendale, North Dakota data center campus, among others.
