B. Riley term loan early termination
Company: Applied Digital
The claim, verbatim
Applied Digital terminated a $50 million term loan with B. Riley Commercial Capital, LLC that was originally scheduled to mature May 23, 2025. All principal, interest, and fees were paid in full with no early termination penalty.
Source (primary)
Applied Digital 8-K filed 2024-02-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Termination Letter terminated the Loan and Security Agreement dated as of May 23, 2023, as amended, among the parties, which had provided for a term loan (the "Loan Agreement") in the principal amount of $50,000,000 with a maturity date of May 23, 2025. At the time of the Termination Letter, all principal, interest and fees under the Loan Agreement had been paid in full. No early termination penalty was paid in connection with the Termination Letter.”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2024-02-06
Quote: “The Termination Letter terminated the Loan and Security Agreement dated as of May 23, 2023, as amended, among the parties, which had provided for a term loan (the "Loan Agreement") in the principal amount of $50,000,000 with a maturity date of May 23, 2025. At the time of the Termination Letter, all principal, interest and fees under the Loan Agreement had been paid in full. No early termination penalty was paid in connection with the Termination Letter.”