Applied Digital Shares Fall on $1.59 Billion Notes Pricing

Dow Jones

Jun 11

By Doc Louallen

Applied Digital shares fell after the company announced the pricing of$1.59 billion of 7% senior secured notes due 2031.

Shares were recently down 5.7% at $39.54 Wednesday, but are up 62% year to date.

The company will use the money to build a fourth facility at its Polaris Forge 1 AI campus in North Dakota. The new building is planned for 150 megawatts of IT power.

Applied Digital also will repay a bridge loan, set aside funds for debt payments, and cover deal costs. The company is guaranteeing completion of the project.

Write to Doc Louallen at doc.louallen@wsj.com

(END) Dow Jones Newswires

June 10, 2026 13:13 ET (17:13 GMT)

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The new building is planned for 150 megawatts of IT power. \n</p>\n<p>\n  Applied Digital also will repay a bridge loan, set aside funds for debt payments, and cover deal costs. 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The new building is planned for 150 megawatts of IT power. \n\n\n  Applied Digital also will repay a bridge loan, set aside funds for debt payments, and cover deal costs. The company is guaranteeing completion of the project. \n\n\n \n\n\n  Write to Doc Louallen at doc.louallen@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2026 13:13 ET (17:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}