Senior secured bridge facility for Building 3
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Expects to enter into up to $300 million senior secured bridge facility to fund continued development of 150 MW Building 3 at Polaris Forge 1
Source (primary)
applied-digital 8-K exhibit (apld_deltaforgexprxfinal.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-09)Live source ↗
Quote: “Applied Digital expects to enter into an up to $300 million senior secured bridge facility to fund continued development of the 150 MW Building 3 data center located on its Polaris Forge 1 campus”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states all elements of the bridge facility and its purpose.
Confirmed in the source:
- Applied Digital expects to enter into an up to $300 million senior secured bridge facility
- Facility to fund continued development of the 150 MW Building 3 data center at Polaris Forge 1
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_deltaforgexprxfinal.htm) in full (7,835 characters, retrieved September 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld_deltaforgexprxfinal.htm)
Quote: “Applied Digital expects to enter into an up to $300 million senior secured bridge facility to fund continued development of the 150 MW Building 3 data center located on its Polaris Forge 1 campus”