APLD upsizes revolving credit facility to $430M and PEPA to $2.0B

Applied Digital Corp.

Revolving credit commitments increased to $430M; maturity May 28, 2029; interest at SOFR + 2.25% or base rate + 1.25%.
Preferred Equity Purchase Agreement commitment raised from $1.59B to $2.0B for Series G Convertible Preferred Stock.
Credit facility includes $430M letter of credit sub-facility and incremental option up to an additional $120M.
PEPA sixth amendment provides more availability under the facility for ongoing corporate purposes.

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