AOI exchanges $76.7M 2026 notes for $125M 2030 notes, raises $33.7M equity

APPLIED OPTOELECTRONICS, INC.

Exchanged $76.7M of 5.250% 2026 notes for $125M of 2.750% 2030 notes, 1.49M shares, and ~$90k cash.
Concurrent registered direct offering of 1,036,458 shares at $33.97/share raised net ~$33.7M.
CFO says transactions extend maturity to 2030, reduce interest expense, and strengthen cash by ~$30.2M.
Amended 2026 note indenture to eliminate certain restrictive covenants; $3.5M of 2026 notes remain outstanding.
2030 notes convertible at ~$43.31/share (27.5% premium); redeemable after Jan 2027 if stock conditions met.

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