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 revolving credit of $27.78 million with CIT Northbridge Credit, LLC at SOFR plus 3.75%, while monthly average usage is less than 50% of the Credit Faci maturing three-year.
- Instrument
- revolving credit
- Principal
- $27.78 million
- Counterparty
- CIT Northbridge Credit, LLC
- Rate
- SOFR plus 3.75%, while monthly average usage is less than 50% of the Credit Faci
- Maturity
- three-year
- Event
- incurrence
Exact text from the filing
The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
APPLIED OPTOELECTRONICS, INC. terminated Truist Credit Line with Truist Bank valued at $20 million (effective 2022-11-16).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Truist Bank
- Value
- $20 million
- Effective
- 2022-11-16
Exact text from the filing
On November 16, 2022, the Company repaid the outstanding balance and terminated its $20 million revolving line of credit with Truist Bank, originally entered into on September 28, 2017 with subsequent amendments, and maturing on April 15, 2023 (the “Truist Credit Line”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
APPLIED OPTOELECTRONICS, INC. entered into Credit Facility with CIT Northbridge Credit, LLC valued at $27.78 million (effective 2022-11-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- CIT Northbridge Credit, LLC
- Value
- $27.78 million
- Effective
- 2022-11-16
Exact text from the filing
On November 16, 2022, Applied Optoelectronics, Inc. (the “Company”) entered into a Loan Security and Guarantee Agreement (the “Credit Facility”) with CIT Northbridge Credit, LLC, as agent for secured parties. The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.
View on SEC.gov