Financing ·
Applied Digital increases revolving credit facility to $430M, raises Series G preferred stock commitment to $2B
APLDApplied Digital Corp.
Applied Digital Corporation entered into an Incremental Assumption Agreement to increase its revolving credit facility to $430.0 million, with a potential total of $550.0 million. Additionally, the company amended its Preferred Equity Purchase Agreement to increase the Series G Convertible Preferred Stock issuance commitment from $1.59 billion to $2.0 billion. Applied Digital Corporation operates in the digital infrastructure and data center development sector.