Polaris Forge 3, Delta Forge 1 & 2 financing via Macquarie preferred equity and project debt
Company: Applied Digital
The claim, verbatim
Applied Digital plans to finance Polaris Forge 3, Delta Forge 1 and Delta Forge 2 through preferred equity from Macquarie Asset Management followed by project-level debt, a structure management said lets shareholders keep a majority stake in each site.
Source (primary)
One Reason To Buy Applied Digital Stock After Its Fall - Trefis (-, news_article)
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Quote: “It plans to do so through preferred equity from Macquarie Asset Management and then project-level debt, a structure management said lets shareholders keep a majority stake in each site.”
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Additional evidence
confirms One Reason To Buy Applied Digital Stock After Its Fall - Trefis
Quote: “It plans to do so through preferred equity from Macquarie Asset Management and then project-level debt, a structure management said lets shareholders keep a majority stake in each site.”