Applied Digital Secures $300 Million Bridge Financing Led by Goldman Sachs for AI Data Centers

According to Globenewswire, Applied Digital secured $300 million in senior secured bridge financing led by Goldman Sachs on May 4 to advance its AI data center development. The financing is collateralized by project assets, can be repaid early without penalties, and the company plans to pursue additional long-term financing to support ongoing development and construction.

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