Applied Digital (APLD) said that its subsidiary, APLD ComputeCo has priced a $2.35 billion offering of 9.250% senior secured notes due 2030 at an issue price of 97%.
The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers.
The offering is expected to close on or around November 20, 2025.
The completion of the offering is subject to certain conditions, and there can be no assurance as to whether or when the offering may be completed.
The stock price fell 3% on Thursday during after-market hours of trading.
