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)
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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
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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”