Applied Digital Secures Development Loan Facility from Macquarie to Fund New AI Data Centers

Reuters12-18 21:15
<a href="https://laohu8.com/S/APLD">Applied Digital</a> Secures Development Loan Facility from <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> to Fund New AI Data Centers

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 on December 18, 2025, by APLD DevCo LLC, a wholly owned subsidiary of Applied Digital, provides initial development capital of up to $100 million to support early-stage sourcing, planning, and construction of new data center campuses. The financing aims to help Applied Digital advance multiple large-scale data center opportunities and maintain capital flexibility as demand for AI-optimized infrastructure accelerates. Northland Securities acted as sole placement agent, with Lowenstein Sandler LLP and Latham & Watkins LLP serving as legal counsel for the company and lender, respectively.

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