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Applied Digital expanded its financing capacity with a $430 million revolving credit facility and $2.0 billion in preferred equity. The agreements enhance liquidity for ongoing development initiatives.
PRIVATEJun 26, 2026•12 days ago
Amount Raised
$430 Million
DallasInformation TechnologyData CenterIt InfrastructureInvestors
Pepa InvestorsFirst National Bank Of Omaha
Description
Applied Digital has boosted its liquidity through two key financing agreements. The first involves an upsized revolving credit facility of $430 million. The second agreement increases the commitment under its Preferred Equity Purchase Agreement for Series G convertible stock to $2.0 billion. These steps are expected to support ongoing data center development and growth initiatives.
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