Applied Digital falls after co announces pricing of secured bonds

Applied Digital

14/11/2025 11:38

** Shares of data center operator Applied Digital APLD.O fall 6.1% to $21.66 premarket after co announces pricing of secured bonds

** APLD set to open at its lowest in two months, if current losses hold

** Co prices a $2.35 billion offering of 9.250% senior secured notes due 2030 at an issue price of 97%

** APLD to use the net proceeds from the offering to fund development of 100 MW and 150 MW data centers in North Dakota

** Debt sales by companies to fund rapid data-center buildout have drawn some investor concern over rising leverage

** All 10 brokerages covering stock rate it "buy" or higher; their median PT is $40.50

** APLD has tripled YTD vs nearly 19% gain for the Nasdaq Composite Index .IXIC

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))