---
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"
generated_at: "2026-06-09T12:05:16.986066+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Applied Digital closes $550M revolver; subsidiary proposes $1.59B notes for ELN-04

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027857
- JSON: https://secwatch.observer/filing/0001493152-26-027857.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027857.txt

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