Applied digital corporation announces closing of $450 million of convertible notes offering

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.
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