Applied Digital completes $1.59 billion AI debt financing

▤ Summary

AppLovin? No—this article covers Applied Digital completing pricing on $1.59 billion of senior secured notes through its subsidiary APLD ComputeCo 3 LLC. The financing carries a 7.000% coupon and matures in 2031. The piece highlights that the cost of capital has fallen compared with an earlier tranche tied to the same project, signaling improving lender confidence in AI-related data center debt. This matters for vendors and partners that sell infrastructure, cloud, data center, or AI platform services into the company’s buildout.

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