Starion Bank term loan
Company: Applied Digital
The claim, verbatim
$15 million term loan from Starion Bank with 6.50% annual interest rate and maturity date July 25, 2027
Source (primary)
Applied Digital 8-K filed 2022-08-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On July 25, 2022, APLD Hosting, LLC (the "Borrower"), a wholly-owned subsidiary of Applied Blockchain, Inc. (the "Company"), entered into a Loan Agreement with Starion Bank ("Lender") and the Company as Guarantor (the "Loan Agreement"). The Loan Agreement provides for a term loan (the "Loan") in the principal amount of $15,000,000 with a maturity date of July 25, 2027. The Loan Agreement provides for an interest rate of 6.50% per annum.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the $15 million principal, 6.50% per annum rate, and July 25, 2027 maturity for the Starion Bank loan.
Confirmed in the source:
- APLD Hosting, LLC entered a term loan with Starion Bank in the principal amount of $15,000,000
- The loan carries an interest rate of 6.50% per annum
- The loan has a maturity date of July 25, 2027
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000162828022022599/apld-20220725.htm) in full (6,667 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2022-08-12
Quote: “On July 25, 2022, APLD Hosting, LLC (the "Borrower"), a wholly-owned subsidiary of Applied Blockchain, Inc. (the "Company"), entered into a Loan Agreement with Starion Bank ("Lender") and the Company as Guarantor (the "Loan Agreement"). The Loan Agreement provides for a term loan (the "Loan") in the principal amount of $15,000,000 with a maturity date of July 25, 2027. The Loan Agreement provides for an interest rate of 6.50% per annum.”