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. entered an off-balance-sheet arrangement for guarantee of approximately $2.4 billion with The Babcock & Wilcox Company.
- Instrument
- guarantee
- Principal
- approximately $2.4 billion
- Counterparty
- The Babcock & Wilcox Company
- Event
- off balance sheet
Exact text from the filing
the “Guarantee”) in favor of The Babcock & Wilcox Company (NYSE: BW) (“B&W”), pursuant to which Applied Digital has agreed to unconditionally and irrevocably guarantee the full and timely performance by Base Electron, Inc.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
Applied Digital Corp. entered into Guarantee with The Babcock & Wilcox Company (effective 2026-02-26).
- Action
- entry
- Counterparty
- The Babcock & Wilcox Company
- Effective
- 2026-02-26
Exact text from the filing
On February 26, 2026, Applied Digital Corporation (“Applied Digital” or the “Company”) entered into a Guarantee (the “Guarantee”) in favor of The Babcock & Wilcox Company (NYSE: BW) (“B&W”), pursuant to which Applied Digital has agreed to unconditionally and irrevocably guarantee the full and timely performance by Base Electron, Inc. (“Base Electron”) of its obligations under that certain Design-Build Agreement, dated February 26, 2026, by and between Base Electron and B&W (the “Design-Build Agreement”).
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