$150 million loan from Macquarie Equipment Capital
Company: Applied Digital
The claim, verbatim
Applied Digital's subsidiary entered into a $150 million promissory note with Macquarie Equipment Capital, Inc. on November 27, 2024, which was fully drawn on that date.
Source (primary)
Applied Digital 8-K filed 2024-12-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On November 27, 2024... entered into a promissory note (the "Promissory Note") with Macquarie Equipment Capital, Inc., a Delaware corporation (the "Lender"). The Promissory Note, which was fully drawn on November 27, 2024, provides for a loan of $150 million”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The 8-K states that an Applied Digital subsidiary entered into a $150 million promissory note with Macquarie Equipment Capital on November 27, 2024. It also says the note was fully drawn that day.
Confirmed in the source:
- Applied Digital's subsidiary, APLD ELN-02 Holdings LLC, entered into a promissory note
- The counterparty was Macquarie Equipment Capital, Inc.
- The note was entered into on November 27, 2024
- The note provides for a loan of $150 million
- The note was fully drawn on November 27, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224048226/form8-k.htm) in full (12,593 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-12-02
Quote: “On November 27, 2024... entered into a promissory note (the "Promissory Note") with Macquarie Equipment Capital, Inc., a Delaware corporation (the "Lender"). The Promissory Note, which was fully drawn on November 27, 2024, provides for a loan of $150 million”