Applied Digital Corporation entered into a loan facility with Macquarie Group to fund pre-lease development costs for new data center projects.
The facility provides pre-lease development capital for new data center campuses and other potential projects.
The loan facility supports Applied Digital's disciplined site-development strategy during the pre-lease phase, enabling efficient project advancement aligned with customer demand.
Loan Facility with Macquarie Group
APLD entered into the facility to fund pre-lease development costs for new data center projects.
Supporting Data Center Campus Development
The facility provides capital for early-stage sourcing, planning, development, and construction of new data center campuses.
Capital Deployment Strategy
The loan facility strengthens Applied Digital's ability to move quickly on high-quality sites while maintaining capital flexibility.
- The financing is intended to support the strategy of developing purpose-built campuses for hyperscale customers.
- The loan facility enhances Applied Digital's ability to advance projects efficiently and align capital deployment with customer demand.
Applied Digital Corporation's completion of the development loan facility with Macquarie Group highlights its commitment to advancing high-performance computing infrastructure for AI workloads. The strategic financing positions the company to capitalize on growing demand for AI-optimized data center infrastructure.