$65M revolving credit facility with First National Bank of Omaha
Company: Applied Digital
The claim, verbatim
On November 10, 2025, Applied Digital entered into a loan and security agreement with First National Bank of Omaha for a $65 million revolving credit facility at an interest rate of SOFR plus 2.75% per annum.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-26)Live source ↗
Quote: “on November 10, 2025, the Company entered into a loan and security agreement with First National Bank of Omaha, pursuant to which the lender agreed to make one or more revolving loans, and issue letters of credit, from time to time to the Company in an aggregate principal amount of $65 million. Interest accrues on the outstanding balance at a rate of SOFR plus 2.75% per annum.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The release describes the November 10, 2025 agreement, the $65 million revolving facility and the SOFR plus 2.75% rate.
Confirmed in the source:
- On November 10, 2025, Applied Digital entered into a loan and security agreement with First National Bank of Omaha
- The agreement provides for revolving loans and letters of credit in an aggregate principal amount of $65 million
- Interest accrues at SOFR plus 2.75% per annum
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315225021955/ex99-1.htm) in full (9,989 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “on November 10, 2025, the Company entered into a loan and security agreement with First National Bank of Omaha, pursuant to which the lender agreed to make one or more revolving loans, and issue letters of credit, from time to time to the Company in an aggregate principal amount of $65 million. Interest accrues on the outstanding balance at a rate of SOFR plus 2.75% per annum.”