[Applied Digital Plans to Issue Senior Secured Notes to Raise $2.35 Billion] Nasdaq-listed company Applied Digital announced that its subsidiary, APLD ComputeCo LLC, will issue senior secured notes through a private placement to raise $2.35 billion. The issuance is expected to be completed around November 20, 2025, with the exact timing depending on market and other conditions. The funds will be used for the construction of data center campuses.