Lake Street Capital Markets LLC
03/04/2026 | Press release | Archived content
Transaction - Applied Digital Corporation $2,150,000,000 144A Senior Secured Notes
Lake Street is pleased to announce it served as a co-manager for Applied Blockchain, Inc. (Nasdaq: APLD) in connection with its recently priced $2.15 billion offering of 6.750% senior secured notes due 2031 at an issue price of 98%.
APLD Compute 2 intends to use the net proceeds from the Offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota, as well as the "Project Accounts" (including but not limited to the Debt Service Reserve Account) in accordance with the provisions of the indenture governing the Notes, and to pay related fees and expenses, including transaction expenses.
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Lake Street Capital Markets LLC published this content on March 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 16, 2026 at 10:09 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]