Applied Digital Closes $375 Million Financing with SMBC to Support Ellendale HPC Campus
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
Sumitomo Mitsui Banking Corporation (“SMBC”) leads a $375 million financing for the Company’s Ellendale High Performance Computing (“HPC”) data center campus (the “Ellendale HPC Campus”)Provides further validation of the Ellendale HPC Campus through a partnership with one of the world’s leading data center financing platforms DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure for HPC applications, announced today that the Company, through its HPC subsidiary APLD HPC Holdings LLC (“APLDH”), closed a $375 million financing with SMBC. The Company used a portion of the proceeds to repay its obligations under the Macquarie Capital senior secured note, and the remaining proceeds are intended to be used to advance the development of the first and second data center buildings at the Ellendale HPC Campus. “We are excited to partner with SMBC on
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News
- Applied Digital Sets Fiscal Second Quarter 2026 Conference Call for Wednesday, January 7, 2026, at 5:00 p.m. Eastern TimeGlobeNewswire
- Applied Digital Completes Development Loan Facility with Macquarie Group to Support New AI Factory CampusesGlobeNewswire
- Applied Digital Leads $25 Million Funding Round for Corintis to Advance Innovation in Data Center TechnologyGlobeNewswire
- Applied Digital Completes Phase II Ready for Service at Polaris Forge 1, Fully Energizing First 100 MW BuildingGlobeNewswire
- Applied Digital Announces Pricing of $2.35 Billion of Senior Secured NotesGlobeNewswire
APLD
Earnings
- 10/9/25 - Beat
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Sec Filings
- 12/5/25 - Form S-3
- 12/2/25 - Form 8-K
- 12/2/25 - Form 4
- APLD's page on the SEC website