Loan maturity date
Company: Applied Digital
What the later record shows
Delivered on time
The debt table in the 10-Q for the quarter ended February 28, 2026 shows a zero balance for the SMBC Loan (August 2026 maturity), down from $375 million at May 31, 2025. The loan was therefore retired before its August 2026 maturity, though no passage gives the exact repayment date.
“DevCo Facility 8.00 % December 2027 87,104 — SMBC Loan (2) (2) August 2026 — 375,000 Starion Ellendale Loan (3)”
2026-04-07 · Applied Digital 10-Q filed 2026-04-08 View cached copy (2026-08-30)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The $375M term loans mature 18 months after the February 11, 2025 closing date
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 matures eighteen (18) months after the Closing Date”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the $375 million term loans closed on February 11, 2025 and that the Credit Agreement matures eighteen months after the Closing Date.
Confirmed in the source:
- The Credit Agreement provides for $375 million of term loans
- The Closing Date was February 11, 2025
- The Credit Agreement matures 18 months after the Closing Date
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 matures eighteen (18) months after the Closing Date”
confirms Applied Digital 10-Q filed 2026-04-08
Quote: “DevCo Facility 8.00 % December 2027 87,104 — SMBC Loan (2) (2) August 2026 — 375,000 Starion Ellendale Loan (3)”