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Expected permanent project financing terms

Company: Applied Digital

Subject kind
guidance
Statement date
2025-02-11
Current status
stated

The claim, verbatim

Company expects to replace the credit agreement with permanent project financing having a 75% to 85% debt-to-equity ratio and pricing in the range of SOFR plus 250 basis points

Source (primary)

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

Quote: “The Company plans to replace the Credit Agreement with permanent project financing, which the Company expects to have a 75% to 85% debt-to-equity ratio and pricing in the range of SOFR plus 250 bps”

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 Company plans to replace the Credit Agreement with permanent project financing, which the Company expects to have a 75% to 85% debt-to-equity ratio and pricing in the range of SOFR plus 250 bps”

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