secwatch / observer
8-K filed December 5, 2023, 6:59 PM ET ticker AAOI CIK 0001158114
debt confidence high sentiment neutral materiality 0.60

APPLIED OPTOELECTRONICS, INC. (AAOI): debt financing — Applied Optoelectronics issues $80.2M 5.25% convertible notes due 2026; exchanges $80.2M of 5.00% 2024 notes

APPLIED OPTOELECTRONICS, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

APPLIED OPTOELECTRONICS, INC. incurred convertible notes of $80.2 million aggregate principal amount with Raymond James & Associates, Inc. at 5.250% maturing December 15, 2026.

Instrument
convertible notes
Principal
$80.2 million aggregate principal amount
Counterparty
Raymond James & Associates, Inc.
Rate
5.250%
Maturity
December 15, 2026
Event
incurrence
Exact text from the filing
pursuant to which the Company agreed to sell and the Initial Purchaser agreed to purchase approximately $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

APPLIED OPTOELECTRONICS, INC. entered into Indenture with Computershare Trust Company, N.A. valued at 5.250% Convertible Senior Notes due 2026, conversion rate 65.6276 shares per $1,000 principal, conve (effective 2023-12-05).

Action
entry
Agreement
notes offering
Counterparty
Computershare Trust Company, N.A.
Value
5.250% Convertible Senior Notes due 2026, conversion rate 65.6276 shares per $1,000 principal, conve
Effective
2023-12-05
Exact text from the filing
The Convertible Notes were issued pursuant to an Indenture, dated as of December 5, 2023 (the “ Indenture ”), between the Company and Computershare Trust Company, N.A., as trustee.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

APPLIED OPTOELECTRONICS, INC. entered into Purchase Agreement with Raymond James & Associates, Inc. valued at $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026 (effective 2023-11-30).

Action
entry
Agreement
notes offering
Counterparty
Raymond James & Associates, Inc.
Value
$80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026
Effective
2023-11-30
Exact text from the filing
On November 30, 2023, Applied Optoelectronics, Inc. (the “ Company ”) entered into a purchase agreement (the “ Purchase Agreement ”) with Raymond James & Associates, Inc. (the “ Initial Purchaser ”), pursuant to which the Company agreed to sell and the Initial Purchaser agreed to purchase approximately $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026 (the “ Convertible Notes ”), for resale by the Initial Purchaser to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”).
View on SEC.gov

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR
accession 0001104659-23-123656
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