Applied Digital Corporation's Subsidiary Secures $50M Loan from Macquarie with 8% Interest Rate

Applied Digital Corporation's subsidiary, APLD FAR-01 LLC, has secured a $50 million loan with Macquarie Equipment Capital Inc., with an option to borrow up to $25 million more. The loan bears an 8% annual interest rate, increasing to 9.5% in case of default. The loan matures in the earliest of three scenarios, including February 1, 2026, or September 9, 2027. The borrower can repay the loan voluntarily with a 3-day notice and a 1.10x return hurdle.