secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2026-06-26T21:03:38+00:00
Accession:  0001493152-26-030333
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226030333/0001493152-26-030333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226030333/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030333

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