9% annual interest rate on term loan
Company: Applied Digital
The claim, verbatim
The Loan carries an interest rate of 9.00% per annum
Source (primary)
Applied Digital 8-K filed 2023-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Loan and Security Agreement provides for an interest rate of 9.00% per annum”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the agreement provides for a 9.00% per annum interest rate.
Confirmed in the source:
- The loan carries an interest rate of 9.00% per annum
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000152/apld-20230519.htm) in full (4,865 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2023-05-24
Quote: “The Loan and Security Agreement provides for an interest rate of 9.00% per annum”