secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001104659-23-123656
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Optoelectronics issues $80.2M 5.25% convertible notes due 2026; exchanges $80.2M of 5.00% 2024 notes
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- Sold $80.2M aggregate principal of 5.250% Convertible Senior Notes due 2026; net proceeds ~$76.0M after discount/commission.
- Exchanged $80.2M of existing 5.00% Convertible Senior Notes due 2024 for cash and ~466,368 shares of common stock.
- Conversion rate: 65.6276 shares per $1,000 principal (conversion price ~$15.24, 15% premium over $13.25 Nov 30 close).
- Supplemental indenture eliminates certain restrictive covenants on incurring debt and liens in the 2019 indenture.
- Notes mature December 15, 2026; interest payable semiannually on June 15 and December 15 starting June 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/0001104659-23-123656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/tm2331117d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-123656

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