Applied Digital Corporation has entered into a new loan facility agreement with Macquarie Group's Commodities and Global Markets business to fund pre-lease development costs for new data center projects. The facility, established by Applied Digital's wholly owned subsidiary APLD DevCo LLC, will provide pre-lease development capital to support the early-stage sourcing, planning, development, and construction of new data center campuses and other potential projects. The initial $100 million in draws from the facility is intended to support development activities at multiple campuses, as Applied Digital is in advanced negotiations with another investment-grade hyperscaler. The loan facility is designed to enhance the company's flexibility and efficiency in advancing projects while aligning capital deployment with customer demand.

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