CIM credit facility with tranches
Company: Applied Digital
The claim, verbatim
CIM Promissory Note provides for $15 million initial borrowing (drawn June 7, 2024), up to $110 million in subsequent borrowings, and up to $75 million accordion feature
Source (primary)
Applied Digital S-1 filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The CIM Promissory Note provides for an initial borrowing of $15 million, which was drawn on June 7, 2024, and subsequent borrowings of up to $110 million... the CIM Promissory Note includes an accordion feature that allows for up to an additional $75 million of borrowings.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital S-1 filed 2024-09-23
Quote: “The CIM Promissory Note provides for an initial borrowing of $15 million, which was drawn on June 7, 2024, and subsequent borrowings of up to $110 million... the CIM Promissory Note includes an accordion feature that allows for up to an additional $75 million of borrowings.”