$300M senior secured bridge facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Closed $300 million senior secured bridge facility led by Goldman Sachs to support 150 MW fourth building development at Polaris Forge 1.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)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 October 10, 2026. The cited source supports every part of this claim.
The release states every element of this claim in its Recent Highlights section.
Confirmed in the source:
- Applied Digital closed a $300 million senior secured bridge facility
- The bridge facility was led by Goldman Sachs
- The facility supports development of the fourth building (150 MW) at Polaris Forge 1
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/apldq426earningsreleaseasf.htm) in full (54,584 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms EX-99.1
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).”