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Applied Digital Prices $2.35 Billion Note Offering

Story Highlights
  • Applied Digital’s subsidiary priced a $2.35 billion offering of senior secured notes.
  • Proceeds will fund data center construction, debt repayment, and transaction expenses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Applied Digital Prices $2.35 Billion Note Offering

Meet Your ETF AI Analyst

Applied Digital Corporation ( (APLD) ) has shared an announcement.

On November 13, 2025, Applied Digital Corporation announced that its subsidiary, APLD ComputeCo LLC, has priced a $2.35 billion offering of 9.250% senior secured notes due 2030. The proceeds from this offering are intended to fund the construction of new data centers in North Dakota, repay existing debts, and cover transaction expenses. The offering is expected to close on or around November 20, 2025, subject to market conditions, and is aimed at institutional buyers under specific regulatory frameworks. This strategic financial move is expected to bolster Applied Digital’s infrastructure capabilities and enhance its market position in the data center industry.

The most recent analyst rating on (APLD) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.

Spark’s Take on APLD Stock

According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.

Applied Digital Corporation’s overall stock score is primarily impacted by its financial performance, which is hindered by profitability and cash flow challenges. Technical analysis indicates bearish momentum, further weighing on the score. Valuation concerns due to a negative P/E ratio and lack of dividend yield also contribute to the low score. While the earnings call provided some positive insights into revenue growth and strategic positioning, the operational and financial hurdles remain significant.

To see Spark’s full report on APLD stock, click here.

More about Applied Digital Corporation

Applied Digital Corporation, headquartered in Dallas, TX, is a leading designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services. The company focuses on supporting artificial intelligence, cloud, networking, and blockchain workloads, leveraging hyperscale expertise and proprietary waterless cooling technology to deliver secure and scalable computing solutions.

Average Trading Volume: 30,834,243

Technical Sentiment Signal: Buy

Current Market Cap: $7.39B

For a thorough assessment of APLD stock, go to TipRanks’ Stock Analysis page.

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