Applied Digital Secures $100 Million Development Loan Facility from Macquarie Group
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Applied Digital Corporation has secured a $100 million loan facility from Macquarie Group to fund pre-lease development costs for new data center projects. The facility will support early-stage development activities at multiple campuses, enhancing project flexibility and efficiency. Applied Digital is in advanced negotiations with another investment-grade hyperscaler. The loan aims to align capital deployment with customer demand.
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