Applied digital corporation announces upsize and pricing of $375 million of convertible notes offering

Dallas, oct. 31, 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 (hpc) applications, today announced the upsize and pricing of its offering of $375 million aggregate principal amount of 2.75% convertible senior notes due 2030 (the “convertible notes”). the convertible notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on rule 144a under the securities act of 1933, as amended (the “securities act”).
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