Lake Street Capital Markets LLC
06/09/2026 | Press release | Archived content
Transaction - Applied Digital Corporation $1,590,000,000 144A Senior Secured Notes
Lake Street is pleased to announce it served as a co-manager for Applied Digital Corporation (Nasdaq: APLD) in connection with its recently priced $1.59 billion offering of 7.00% senior secured notes due 2031.
APLD ComputeCo 3 intends to use the net proceeds from the Offering to (i) fund the construction and associated expenses of 150 megawatts of critical IT load at the fourth building ("ELN-04") at Polaris Forge 1, Applied Digital's AI Factory campus at Ellendale, North Dakota, (ii) repay the aggregate principal balance plus any accrued interest under the Credit and Guaranty Agreement with Goldman Sachs Bank USA, as administrative agent and as collateral agent and the lenders party thereto, which was provided as a bridge loan facility, (iii) fund debt service reserves, and (iv) pay transaction expenses.
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Lake Street Capital Markets LLC published this content on June 09, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 25, 2026 at 14:54 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]