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Latham & Watkins Advises on Applied Digital’s Refinancing
December 6, 2024
Firm represents Macquarie in connection with the digital infrastructure company’s US$150 million senior secured note with Macquarie Equipment Capital, Inc. to refinance existing credit facility with former senior lender.
Applied Digital Corporation (Nasdaq: APLD), a designer, builder, and operator of next-generation digital infrastructure designed for HPC applications, has announced that the Company, through its subsidiary, APLD Holdings 2, LLC, closed a US$150 million senior secured debt financing with Macquarie Equipment Capital, Inc.
Latham & Watkins LLP represented Macquarie in the refinancing with a team led by partners Paul Bonewitz, Morgan Brubaker, Natasha Gianvecchio, and Zachary Judd, and counsel Jeffrey Anderson and Shahid Jamil, with associates Michaela Bolden, Tyra Richmond, and Matt Piggins. Advice was also provided on tax matters by partner Bora Bozkurt; and on environmental matters by New York counsel David Langer, with associate Tal Cermeli.