Applied Digital secures $2.3 billion in new liquidity through a $430 million revolver and $2 billion preferred facility.

Applied Digital has expanded its financing capacity through two significant agreements announced in a June 26, 2026 SEC filing.

The company upsized its secured revolving credit facility to $430 million via an incremental assumption agreement. The expanded facility extends availability through May 28, 2029 and maintains options for an additional $120 million in commitments.

In a parallel move, Applied Digital increased the aggregate commitment under its Preferred Equity Purchase Agreement for Series G Convertible Preferred Stock to $2.0 billion, up from the prior $1.59 billion commitment. This enhancement expands the company's equity funding flexibility.

Management expects these financing steps to bolster liquidity and support ongoing data center development and growth initiatives.