Repayment of Credit and Guaranty Agreement dated February 11, 2025
Company: Applied Digital
The claim, verbatim
Net proceeds will be used to repay the aggregate principal balance plus accrued and unpaid interest under the Credit and Guaranty Agreement
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: “repay the aggregate principal balance plus any accrued and unpaid interest under the Credit and Guaranty Agreement, dated as of February 11, 2025”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The release lists repayment of principal plus accrued and unpaid interest under the February 11, 2025 Credit and Guaranty Agreement as an intended use of proceeds. The offering itself is described as proposed and not guaranteed to close.
Confirmed in the source:
- Net proceeds from the notes offering are intended to repay the aggregate principal balance plus any accrued and unpaid interest under the Credit and Guaranty Agreement
- The Credit and Guaranty Agreement is dated February 11, 2025, and involves APLD HPC Holdings LLC, with Sumitomo Mitsui Banking Corporation as administrative agent
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315225021400/ex99-1.htm) in full (8,362 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: “repay the aggregate principal balance plus any accrued and unpaid interest under the Credit and Guaranty Agreement, dated as of February 11, 2025”