$375M SMBC financing for APLD HPC Holdings
Company: Applied Digital
The claim, verbatim
APLD HPC Holdings LLC closed a $375 million financing with SMBC; a portion repaid the November 2024 Macquarie Promissory Note and the remainder is intended to advance development of the first and second data center buildings at the Ellendale HPC Campus.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation (“SMBC”).”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation (“SMBC”).”