Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes Offering
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $450 million, which includes $75 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers, which the Initial Purchasers exercised in full on October 31, 2024. In conjunction with the issuance of the Convertible Notes, the Company entered into capped call transactions with a cap price of $14.72 (rep
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News
- Applied Digital Co. (NASDAQ: APLD) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $15.00 price target on the stock.MarketBeat
- NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust OfferingPR Newswire
- Applied Digital Sets Fiscal Second Quarter 2025 Conference Call for Tuesday, January 14, 2025, at 5:00 p.m. Eastern TimeGlobeNewswire
- Applied Digital Announces Ellendale HPC Data Center Development MilestoneGlobeNewswire
- Applied Digital Closes $150 million Senior Secured Note With Macquarie Equipment Capital, Inc. to Refinance Existing Credit Facility With Former Senior LenderGlobeNewswire
APLD
Earnings
- 10/9/24 - Beat
APLD
Sec Filings
- 12/12/24 - Form 4
- 12/4/24 - Form 8-K
- 12/2/24 - Form 8-K
- APLD's page on the SEC website