Applied Digital (US:APLD) Globenewswire·2025-12-18 13:15Core Insights - Applied Digital Corporation has entered into a loan facility with Macquarie Group to fund pre-lease development costs for new data center projects [1][2] - The facility will provide $100 million in initial draws to support the development of multiple campuses in advanced negotiations with a hyperscaler [2][4] - The loan facility aligns with the company's strategy to develop high-performance computing and AI infrastructure in response to growing demand [3][4] Company Overview - Applied Digital designs, builds, and operates high-performance data centers for AI, cloud, networking, and blockchain workloads [6] - The company was founded in 2021 and is headquartered in Dallas, TX, recognized as the Best Data Center in the Americas 2025 by Datacloud [6] - Applied Digital utilizes proprietary waterless cooling technology and rapid deployment capabilities to enhance efficiency and security [6] Strategic Development - The loan facility supports a disciplined site-development strategy, allowing the company to advance projects efficiently while aligning capital deployment with customer demand [3][4] - The financing is intended to strengthen the company's ability to quickly capitalize on high-quality sites for hyperscale customers [4] - Applied Digital is actively pursuing multiple large-scale data center opportunities as part of its broader AI infrastructure platform [4]