Macquarie $5 billion perpetual preferred equity financing facility
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a $5.0 billion perpetual preferred equity financing facility with Macquarie Asset Management for its HPC business
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management ("MAM"), for its HPC business conducted through APLD HPC Holdings LLC ("APLDH"), a subsidiary of Applied Digital.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The press release states Applied Digital entered into a $5.0 billion perpetual preferred equity facility with funds managed by Macquarie Asset Management for its HPC business.
Confirmed in the source:
- Applied Digital entered into a $5.0 billion perpetual preferred equity financing facility
- The counterparty is investment vehicles of funds managed by Macquarie Asset Management
- The facility is for Applied Digital's HPC business
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/118/applied-digital-reports-fiscal-second-quarter-2025-results/) in full (35,851 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management ("MAM"), for its HPC business conducted through APLD HPC Holdings LLC ("APLDH"), a subsidiary of Applied Digital.”
confirms Earnings Release
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management (“MAM”), for its HPC business”
confirms Earnings Release
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management (“MAM”), for its HPC business”
confirms Earnings Release
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management (“MAM”), for its HPC business”
confirms Earnings Release
Quote: “Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management (“MAM”), for its HPC business”