APLD subsidiary enters SMBC credit facility for Ellendale data center; parent guarantees

Applied Digital Corp.

APLD HPC Holdings (subsidiary) executed Credit and Guaranty Agreement with Sumitomo Mitsui Banking Corporation as administrative agent and lender for a term loan facility.
Applied Digital Corporation provides a parent guarantee (Exhibit 10.3) for the facility.
Facility intended to finance construction of data center buildings in Ellendale, North Dakota; designated as a green loan.
Also filed First Amendment to Unit Purchase Agreement with MIP VI HPC Holdings, modifying prior investment terms.
Commitments and pricing (Applicable Margin 2.50%-5.50% over SOFR/Base Rate) disclosed but principal amount omitted.

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