NeoCapCompaniesValuationsScenariosMetrics
Log inSign up
← Applied Digital Corporation
Fri, Jun 26, 2026

Applied Digital upsizes revolving credit facility to $430 million

Source document ↗

Key points

  • On June 26, 2026, subsidiary APLD Intermediate HoldCo LLC entered Incremental Assumption Agreement No. 1 to the May 29, 2026 credit agreement, raising the revolving credit commitments to $430.0 million.
  • The secured revolving credit facility matures on May 28, 2029 and includes a $430.0 million letter of credit sub-facility that reduces overall availability.
  • The borrower may add revolver commitments or draw term loans of up to an additional $120.0 million, for a total of $550.0 million.
  • Loans bear interest at Term SOFR plus 2.25% or a base rate plus 1.25%, at the company's option.
  • The facility is fully and unconditionally guaranteed by Applied Digital and each restricted subsidiary; First National Bank of Omaha is administrative and collateral agent.
  • The credit agreement contains provisions that facilitate separate project-level financing of data center developments.