Applied Digital Secures $350M Revolver and $200M Accordion to Fuel Data Center Builds
APLD•Applied Digital closed a revolving credit facility with $350 million of committed capacity and a $200 million accordion option to fund data center development and corporate operations. The secured facility carries interest at SOFR plus 225 basis points (or Base Rate plus 125) and matures on May 29, 2029.
1. Facility Close and Capacity
On May 29, 2026, Applied Digital finalized a $350 million committed revolving credit facility arranged by Goldman Sachs, with an accordion option for an additional $200 million to support its expanding data center portfolio.
2. Interest Terms and Security
The secured facility carries interest at SOFR plus 225 basis points or Alternative Base Rate plus 125, matures on May 29, 2029, and is collateralized by certain non-data center project assets.
3. Strategic Use and CoreWeave MoU
Proceeds will fund pre- and post-lease development of data center projects and general corporate purposes, and the company signed a Memorandum of Understanding with CoreWeave to assign the Building 3 lease at its Polaris Forge campus upon the partner achieving investment grade status.
