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$375M term loan facility

Company: Applied Digital

Subject kind
financing
Statement date
2025-02-11
Promised amount
375.0 USD
Current status
stated

The claim, verbatim

Applied Digital secured $375 million in aggregate term loans that were immediately available as of February 11, 2025

Source (primary)

Applied Digital 8-K filed 2025-02-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Credit Agreement provides for an aggregate of $375 million of term loans (collectively, the "Loans"), the entire amount of which was immediately available on the Closing Date”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225006049/form8-k.htm) in full (14,654 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2025-02-12

Quote: “The Credit Agreement provides for an aggregate of $375 million of term loans (collectively, the "Loans"), the entire amount of which was immediately available on the Closing Date”

View cached copy (2026-08-31)Live source ↗