Applied digital closes $375 million financing with smbc to support ellendale hpc campus

Sumitomo mitsui banking corporation (“smbc”) leads a $375 million financing for the company's ellendale high performance computing (“hpc”) data center campus (the “ellendale hpc campus”) provides further validation of the ellendale hpc campus through a partnership with one of the world's leading data center financing platforms dallas, feb. 12, 2025 (globe newswire) -- applied digital corporation (nasdaq: apld) ("applied digital" or the "company"), a designer, builder, and operator of next-generation digital infrastructure for hpc applications, announced today that the company, through its hpc subsidiary apld hpc holdings llc (“apldh”), closed a $375 million financing with smbc. the company used a portion of the proceeds to repay its obligations under the macquarie capital senior secured note, and the remaining proceeds are intended to be used to advance the development of the first and second data center buildings at the ellendale hpc campus.
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