Debt markets remain open to the company
Company: Applied Digital
The claim, verbatim
Cummins said bank construction loans, project financing and the bond market remain open to Applied Digital, though higher Treasury yields and wider credit spreads have raised borrowing costs.
Source (primary)
Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6% - Yahoo Finance (-, news_article)
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Quote: “Cummins maintained bank construction loans, project financing and the bond market remain open to Applied Digital”
How we checked this
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Additional evidence
confirms Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6% - Yahoo Finance
Quote: “Cummins maintained bank construction loans, project financing and the bond market remain open to Applied Digital”
confirms Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6% - 24/7 Wall St.
Quote: “Cummins maintained bank construction loans, project financing and the bond market remain open to Applied Digital, though higher Treasury yields and wider credit spreads have raised borrowing costs”