Applied Digital Corporation closed a revolving credit facility of up to $350 million with an additional $200 million accordion option, arranged by Goldman Sachs Lending Partners LLC. The company's subsidiary, APLD ComputeCo 3 LLC, intends to offer $1.59 billion in senior secured notes due 2031 in a private offering to fund construction of 150 megawatts of critical IT load at its Polaris Forge 1 campus in North Dakota. Applied Digital Corporation operates in the digital infrastructure industry, providing data center services.
