$50M term loan from B. Riley Commercial Capital
Company: Applied Digital
The claim, verbatim
Applied Digital's subsidiary SAI Computing entered into a $50 million term loan agreement with B. Riley Commercial Capital and B. Riley Securities at 9.00% annual interest with a maturity date of May 23, 2025
Source (primary)
Applied Digital 8-K filed 2023-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “entered into a Loan and Security Agreement with B. Riley Commercial Capital, LLC and B. Riley Securities, Inc. (the "Lenders")... The Loan and Security Agreement provides for a term loan (the "Loan") in the principal amount of $50,000,000 with a maturity date of May 23, 2025... The Loan and Security Agreement provides for an interest rate of 9.00% per annum.”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2023-05-24
Quote: “entered into a Loan and Security Agreement with B. Riley Commercial Capital, LLC and B. Riley Securities, Inc. (the "Lenders")... The Loan and Security Agreement provides for a term loan (the "Loan") in the principal amount of $50,000,000 with a maturity date of May 23, 2025... The Loan and Security Agreement provides for an interest rate of 9.00% per annum.”