Macquarie Asset Management perpetual preferred equity financing facility
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a $5.0 billion perpetual preferred equity financing facility with investment vehicles managed by Macquarie Asset Management for its HPC business
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management ("MAM"), for its HPC business conducted through APLD HPC Holdings LLC ("APLDH"), a subsidiary of Applied Digital.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The press release states that Applied Digital entered into a $5.0 billion perpetual preferred equity facility with Macquarie Asset Management-managed vehicles for its HPC business.
Confirmed in the source:
- Applied Digital entered into a $5.0 billion perpetual preferred equity financing facility
- The counterparty is investment vehicles of funds managed by Macquarie Asset Management
- The facility is for Applied Digital's HPC business
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/118/applied-digital-reports-fiscal-second-quarter-2025-results/) in full (35,889 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management ("MAM"), for its HPC business conducted through APLD HPC Holdings LLC ("APLDH"), a subsidiary of Applied Digital.”