---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-006268"
form_type: "8-K/A"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:03:00.684108+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-006268
- form_type: 8-K/A
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315225006268/0001493152-25-006268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315225006268/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-006268
- JSON: https://secwatch.observer/filing/0001493152-25-006268.json
- Plain text: https://secwatch.observer/filing/0001493152-25-006268.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.