Senior secured financings of over $5 billion completed
Company: Applied Digital
The claim, verbatim
Completed over $5 billion in senior secured financings including fixed-rate notes offerings, bridge facilities and up to $550 million revolving credit facility
Source (primary)
Applied Digital DEF 14A filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “we completed over $5 billion in senior secured financings, consisting of fixed-rate notes offerings, bridge facilities and an up to $550 million revolving credit facility”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The CEO letter states over $5 billion in senior secured financings with these components. The compensation discussion elsewhere describes the construction debt as 'nearly $5.0 billion.'
Confirmed in the source:
- Applied Digital completed over $5 billion in senior secured financings during the fiscal year
- The financings included fixed-rate notes offerings
- The financings included bridge facilities
- The financings included an up to $550 million revolving credit facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226044325/formdef14a.htm) in full (278,076 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2026-09-25
Quote: “we completed over $5 billion in senior secured financings, consisting of fixed-rate notes offerings, bridge facilities and an up to $550 million revolving credit facility”