$300 million senior secured bridge facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Closed a $300 million senior secured bridge facility led by Goldman Sachs to support development of 150 MW at Polaris Forge 1, subsequently repaid with proceeds from $1.59 billion Senior Secured Notes offering
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Closed a $300 million senior secured bridge facility led by Goldman Sachs to support development of the fourth building (150 MW) at Polaris Forge 1 (which has been repaid with the proceeds from the Senior Secured Notes Offering described below).”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the bridge facility details and that the $1.59 billion notes described below were used to repay it.
Confirmed in the source:
- Closed a $300 million senior secured bridge facility led by Goldman Sachs
- The facility supports development of 150 MW (fourth building) at Polaris Forge 1
- It was repaid with proceeds from the $1.59 billion Senior Secured Notes offering
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apldq426earningsreleaseasf.htm) in full (54,633 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Closed a $300 million senior secured bridge facility led by Goldman Sachs to support development of the fourth building (150 MW) at Polaris Forge 1 (which has been repaid with the proceeds from the Senior Secured Notes Offering described below).”