Applied Digital's subsidiary APLD ComputeCo 2 LLC completed a private offering of 6.75% Senior Secured Notes due 2031 on
The filing amends the original 8-K to formally disclose that the ESA Condition (Escrow Satisfaction Arrangement Condition) was met on June 17, 2026. The subsidiary, APLD ComputeCo 2 LLC, initially received gross proceeds from the private notes offering and deposited them into an escrow account administered by an Escrow Agent. The funds remained held pending satisfaction of the ESA Condition and other events outlined in the Escrow Agreement. Upon delivering an Escrow Release Certificate on June 17, 2026, the Issuer directed the Escrow Agent to release all funds from the Escrow Account and apply them according to the Escrow Agreement and the Indenture governing the notes.
The notes bear a coupon of 6.75 percent annually and mature in 2031. These are Senior Secured Notes, indicating they are backed by collateral. The filing notes that the anticipated use of proceeds and the detailed terms were described in the original March 10, 2026 8-K filing. This amended filing does not provide the principal amount of the offering, specific use-of-proceeds details, or the nature of the security pledging the notes, as those details appear in the original filing that this amendment references.