{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-027857","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-06-09T12:01:31+00:00","discovered_at":"2026-06-09T12:05:01.494469+00:00","generated_at":"2026-06-09T12:05:16.986066+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Applied Digital closes $550M revolver; subsidiary proposes $1.59B notes for ELN-04","bullets":["Closed $350M committed revolver (plus $200M accordion) on May 29, 2026; matures May 2029 at SOFR+225bps.","Proceeds to support pre/post-lease data center development and general corporate purposes.","Subsidiary APLD ComputeCo 3 proposes $1.59B senior secured notes due 2031 for 150MW ELN-04 at Polaris Forge 1.","Net proceeds will fund construction, repay bridge loan from Goldman Sachs, and pay expenses.","Signed MoU with CoreWeave to assign ELN-04 lease to a CoreWeave subsidiary if it achieves investment grade rating."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-027857","json":"https://secwatch.observer/filing/0001493152-26-027857.json","markdown":"https://secwatch.observer/filing/0001493152-26-027857.md","text":"https://secwatch.observer/filing/0001493152-26-027857.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226027857/0001493152-26-027857-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226027857/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:05:16.986066+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}