Applied Digital Closes $150 million Senior Secured Note With Macquarie Equipment Capital, Inc. to Refinance Existing Credit Facility With Former Senior Lender
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
Refinances senior secured credit facility with former senior lender, lowering overall cost of capital for the Company’s Ellendale High Performance Computing (“HPC”) data center campus and avoiding costly December 7, 2024 increase to the minimum return hurdle. Eliminates parent guarantee and cross collateralization of other assets, increasing flexibility for future corporate and project level debt financings. Provides further validation of Ellendale HPC project through a senior secured financing partnership with one of the world’s largest infrastructure investors. DALLAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital" or the “Company"), a designer, builder and operator of next-generation digital infrastructure designed for HPC applications, announced today that the Company, through its subsidiary, APLD Holdings 2, LLC, closed a $150 million senior secured debt financing with Macquarie Equipment Capital, Inc., a division
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APLD
News
- Applied Digital Co. (NASDAQ: APLD) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $15.00 price target on the stock.MarketBeat
- NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust OfferingPR Newswire
- Applied Digital Sets Fiscal Second Quarter 2025 Conference Call for Tuesday, January 14, 2025, at 5:00 p.m. Eastern TimeGlobeNewswire
- Applied Digital Announces Ellendale HPC Data Center Development MilestoneGlobeNewswire
- Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes OfferingGlobeNewswire
APLD
Earnings
- 10/9/24 - Beat
APLD
Sec Filings
- 12/12/24 - Form 4
- 12/4/24 - Form 8-K
- 12/2/24 - Form 8-K
- APLD's page on the SEC website