Macquarie preferred equity financing facility
Company: Applied Digital
The claim, verbatim
Company may access up to $4.1 billion of remaining preferred equity capital from Macquarie Asset Management for AI Factory projects, subject to lease execution with investment-grade hyperscalers and mutual agreement
Source (primary)
applied-digital 8-K exhibit (apldq226earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-22)Live source ↗
Quote: “the Company may access a preferred equity financing facility with Macquarie Asset Management, subject to mutual agreement between the parties, providing up to $4.1 billion of remaining preferred equity capital for these projects”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The management commentary states each condition and the $4.1 billion remaining capacity.
Confirmed in the source:
- Applied Digital may access a preferred equity financing facility with Macquarie Asset Management
- Access depends on lease execution with an investment-grade hyperscaler
- Access is subject to mutual agreement between the parties
- The facility provides up to $4.1 billion of remaining preferred equity capital for these projects
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/apldq226earningsrelease.htm) in full (44,381 characters, retrieved September 22, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq226earningsrelease.htm)
Quote: “the Company may access a preferred equity financing facility with Macquarie Asset Management, subject to mutual agreement between the parties, providing up to $4.1 billion of remaining preferred equity capital for these projects”