<a href="https://laohu8.com/S/APLD">Applied Digital</a> Secures $50 Million Promissory Note with <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> Equipment Capital, Additional $25 Million Possible
Applied Digital Corporation announced that its subsidiary, APLD FAR-01 LLC, has entered into a promissory note agreement with Macquarie Equipment Capital, Inc. The agreement, dated September 9, 2025, includes an initial loan of $50 million, with the possibility of additional loans up to $25 million, bringing the total potential financing to $75 million. The loan carries an interest rate of 8.0% per annum, with provisions for an increased rate in the event of default. The maturity date for the loan is set for the earliest of three potential dates, including September 9, 2027. In conjunction with the loan, Applied Digital Corporation and its subsidiaries have provided guarantees and pledged security interests in their assets, excluding certain specified assets. Northland Securities, Inc., Wells Fargo Securities, LLC, and Texas Capital acted as advisors in this transaction.
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