CIM Note interest rate and term
Company: Applied Digital
The claim, verbatim
The Note has a three-year term and bears interest at an initial rate of 12.0% per annum, payable quarterly in arrears.
Source (primary)
applied-digital 8-K exhibit (apld-pressreleasexfinal6624.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-03)Live source ↗
Quote: “The Note will have a three-year term and bear interest at an initial rate of 12.0% per annum, payable quarterly in arrears.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms applied-digital 8-K exhibit (apld-pressreleasexfinal6624.htm)
Quote: “The Note will have a three-year term and bear interest at an initial rate of 12.0% per annum, payable quarterly in arrears.”