Macquarie preferred equity - $112.5 million drawn from $5 billion facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Drew an initial $112.5 million from $5 billion preferred equity facility with Macquarie Asset Management to fund Polaris Forge 1 completion and scale additional campuses
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1, reduce future equity funding requirements, and establish a clear pathway to scale additional campuses.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1, reduce future equity funding requirements, and establish a clear pathway to scale additional campuses.”