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
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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.”