secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K/A
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001493152-25-006268
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225006268/0001493152-25-006268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225006268/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-006268

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