Garden City facility debt and finance leases paid off at closing
Company: Applied Digital - Project: Garden City
The claim, verbatim
At the closing of the sale, the company paid off the debt secured by the Garden City facility. It also paid off the finance lease liabilities that Marathon did not assume, plus a buyout fee to the lessor.
Source (primary)
applied-digital 8-K exhibit (gdnsaleproformas.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “In conjunction with the Closing, the Company paid off these balances.”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
Footnote H says the company paid off the debt secured by the property at closing, and Footnote G says it paid off the finance lease liabilities Marathon did not assume and paid the lessor a buyout fee.
Confirmed in the source:
- In conjunction with the closing, Applied Digital paid off the debt secured by the Garden City property
- In conjunction with the closing, the company paid off the finance lease liabilities not assumed by Marathon
- The company paid the lessor a buyout fee to remove all liabilities from the related assets
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000063/gdnsaleproformas.htm) in full (14,459 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (gdnsaleproformas.htm)
Quote: “In conjunction with the Closing, the Company paid off these balances.”