Initial $112.5M draw on $5B Macquarie preferred equity facility
Company: Applied Digital
The claim, verbatim
After quarter end, Applied Digital drew an initial $112.5 million from its $5 billion preferred equity facility with Macquarie Asset Management. The funds are to complete Polaris Forge 1 and scale additional campuses.
Source (primary)
applied-digital 8-K exhibit (apldq126earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq126earningsrelease.htm)
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1”