$375M SMBC financing closed
Company: Applied Digital
The claim, verbatim
APLD HPC Holdings LLC closed a $375 million financing with SMBC. Part of the proceeds repaid the November 2024 Macquarie Promissory Note, and the remainder is intended to fund development of the first and second data center buildings at the Ellendale HPC Campus.
Source (primary)
applied-digital 8-K exhibit (apldq325earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-17)Live source ↗
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 applied-digital 8-K exhibit (apldq325earningsrelease.htm)
Quote: “APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation (“SMBC”).”