APLD Increases Financing Capacity with Expanded $430M Credit Facility and $2B PEPA

Applied Digital Corporation has entered into agreements to significantly increase its available capital through an expanded credit facility and an upsized Preferred Equity Purchase Agreement (PEPA). The company amended its credit agreement to increase the revolving credit commitment to $430 million and separately amended its PEPA to increase the commitment for its Series G Preferred Stock to $2.0 billion.

Key Details

• Credit Facility Increase: On June 26, 2026, the company entered into an Incremental Assumption Agreement that increased the aggregate principal amount of its secured revolving credit facility to $430.0 million. The facility matures on May 28, 2029.
• PEPA Expansion: The company also executed the sixth amendment to its Preferred Equity Purchase Agreement, increasing the aggregate commitment for the issuance of Series G Convertible Preferred Stock to $2.0 billion, up from the previous $1.59 billion.
• Additional Capacity: The amended credit agreement includes an option to further increase revolver commitments or add term loans by an additional $120.0 million, for a potential total facility size of $550.0 million.