Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Applied Digital Corp. incurred loan of $45 million with Macquarie Equipment Capital, Inc. at 8.0% per annum maturing December 18, 2027.
- Instrument
- loan
- Principal
- $45 million
- Counterparty
- Macquarie Equipment Capital, Inc.
- Rate
- 8.0% per annum
- Maturity
- December 18, 2027
- Event
- incurrence
Exact text from the filing
by, among other documents, a promissory note (the “Promissory Note”) executed by the Borrower in favor of the Lender. The Promissory Note provides for a principal sum of (a) $45 million (the “First Draw”), which was drawn on the Closing Date, plus (b) $55 million (the “Second Draw,” and, together with the First Draw, each, a “Draw” and, collectively, the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Applied Digital Corp. entered into Promissory Note with Macquarie Equipment Capital, Inc. (effective 2025-12-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Macquarie Equipment Capital, Inc.
- Effective
- 2025-12-18
Exact text from the filing
APLD DevCo LLC (the “Borrower”), a Delaware limited liability company and a subsidiary of Applied Digital Corporation, a Nevada corporation (the “Company”), entered into an ongoing credit arrangement with Macquarie Equipment Capital, Inc., a Delaware corporation (the “Lender”), for the purposes of funding the initial sourcing, planning, development and construction costs associated with a new data center project (the “DevCo Facility”) and other potential projects.
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