Applied Digital has completed a $300 million senior secured bridge loan, led by Goldman Sachs, to help fund construction of a new AI data center campus.The facility is secured by project assets, carries standard market terms, and can be repaid early without penalty as the company lines up longer-term capital.The bridge comes on top of a previously priced $2.15 billion senior secured notes offering to finance 200 MW of AI infrastructure already leased to Oracle.