Applied Digital Announces $300 Million Senior Secured Bridge Facility
Applied Digital closed a $300 million senior secured bridge facility led by Goldman Sachs to fund the third AI data center at its Polaris Forge 1 campus in Ellendale, North Dakota. The 364-day term loan carries an interest rate of SOFR plus 275 basis points and is secured by the project's assets.
Key figures
- Deal Value Usd
- 300000000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.