Applied Digital Shares Fall on $1.59 Billion Notes Pricing

Dow Jones
06/11
 

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

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