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Applied Digital Polaris Forge 2 notes
Bonds fund 200 MW in North Dakota through a subsidiary. The parent gives completion guarantees, not a guarantee of the notes.
- Size
- $2.15B · 6.750% senior secured notes due 2031, sold at 98.
- Date
- Type
- Data center bond
- Status
- Priced
Who does what
- Applied Digitalborrows through APLD ComputeCo 2
What we don’t know
- The tenant: the release doesn't name one
Sources
- Applied Digital Announces Pricing of $2.15 Billion of Senior Secured Notes Applied Digital · Mar 4, 2026
We opened each of these on Oct 30, 2026.
See it on the debt map. Not financial advice.