Development loan facility with Macquarie Group
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a development loan facility with Macquarie Group providing pre-lease development capital for new data center projects, with an initial $100 million available in draws.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-23)Live source ↗
Quote: “entered into a loan facility with Macquarie Group's Commodities and Global Market's business...provides pre-lease development capital to support the early-stage sourcing, planning, development, and construction of new data center campuses...The initial $100 million in draws from this facility is intended to support related development activities at these campuses”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The press release says Applied Digital entered into a loan facility with Macquarie to fund pre-lease development costs for new data center projects. It also says the initial $100 million in draws is earmarked for development at those campuses.
Confirmed in the source:
- Applied Digital entered into a development loan facility with Macquarie Group (its Commodities and Global Markets business), signed December 18, 2025 through its wholly owned subsidiary APLD DevCo LLC
- The Macquarie facility provides pre-lease development capital for new data center projects
- The initial $100 million in draws from the Macquarie facility is intended to support development activities at the new campuses
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315225028791/ex99-1.htm) in full (6,739 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “entered into a loan facility with Macquarie Group's Commodities and Global Market's business...provides pre-lease development capital to support the early-stage sourcing, planning, development, and construction of new data center campuses...The initial $100 million in draws from this facility is intended to support related development activities at these campuses”