InfraCompute / Deals
Applied Digital: Data-centre construction loan
Development credit for Applied Digital, 11 February 2025.
Key terms
- Borrower or issuer
- Applied Digital
- Date
- 11 February 2025
- Structure
- Development credit
- Amount
- US$375m
- Pricing
- 350 basis points over Daily Simple SOFR
- Maturity
- 18 months after closing
Recorded terms
- Lender type
- Bank loansNamed lender: Sumitomo Mitsui Banking Corporation
- Maturity
- 18 months after closing
- Currency
- USDAs of 14 April 2025
Dated historical disclosure; not current exposure.
- Event date
- 11 February 2025As of 14 April 2025
Dated historical disclosure; not current exposure.
- Benchmark
- Daily Simple SOFRAs of 14 April 2025
Dated historical disclosure; not current exposure.
- Margin bp
- 350As of 14 April 2025
Dated historical disclosure; not current exposure.
- Maturity
- 18 months after closingAs of 14 April 2025
Dated historical disclosure; not current exposure.
- Margin grid
- Daily Simple SOFR +350bp initially; 450bp after 6 months; 550bp after 1 yearAs of 14 April 2025
Dated historical disclosure; not current exposure.
Parties
Related facilities
Similar financings
Same structure, other borrowers, closest in date.
More from Applied Digital
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Sources
- Applied Digital February 2025 Form 10-QSource date: 14 April 2025
- Applied Digital closes$375m SMBC financingSource date: 12 February 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
