Applied digital corporation announces proposed private offering of $300 million of convertible notes

Dallas, oct. 30, 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 that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of convertible senior notes due 2030 (the “convertible notes”) 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”).
APLD Ratings Summary
APLD Quant Ranking