First draw on Macquarie preferred equity facility
Company: Applied Digital
The claim, verbatim
Applied Digital received the first draw of $112.5 million from its perpetual preferred equity financing facility with Macquarie Asset Management, funded by MAM-managed funds to support the build-out of Polaris Forge 1.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “The first draw of $112.5 million was funded today by MAM-managed funds and will support the build-out of Applied Digital's 400MW AI Factory campus in Ellendale, North Dakota ("Polaris Forge 1")”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “The first draw of $112.5 million was funded today by MAM-managed funds and will support the build-out of Applied Digital's 400MW AI Factory campus in Ellendale, North Dakota ("Polaris Forge 1")”