{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-22-007949","form_type":"8-K","ticker":"AAOI","cik":"0001158114","company_name":"APPLIED OPTOELECTRONICS, INC.","filed_at":"2022-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.762601+00:00","generated_at":"2026-06-21T14:48:12.627229+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Applied Optoelectronics enters $27.78M revolving credit facility, terminates Truist Bank line","bullets":["New 3-year $27.78M revolving credit facility with CIT Northbridge Credit, secured by substantially all domestic assets.","Interest at SOFR + 3.75% (usage <50%) or SOFR + 4.75% (usage ≥50%).","Proceeds used to repay $20M Truist Bank line and for working capital, capex.","Outstanding balance on Truist Bank $20M line repaid and terminated with no penalties.","Credit facility includes financial covenants and standard events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-22-007949","json":"https://secwatch.observer/filing/0001683168-22-007949.json","markdown":"https://secwatch.observer/filing/0001683168-22-007949.md","text":"https://secwatch.observer/filing/0001683168-22-007949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/applied_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:48:12.627229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01f21500c23e49f138cf8c0581b84c0da5d74c26","claim":"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.","evidence_excerpt":"The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$27.78 million"},{"label":"Counterparty","value":"CIT Northbridge Credit, LLC"},{"label":"Rate","value":"SOFR plus 3.75%, while monthly average usage is less than 50% of the Credit Faci"},{"label":"Maturity","value":"three-year"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3fc5bb7aedcbc386f1f757ecc6c00ca994cfc2ca","claim":"APPLIED OPTOELECTRONICS, INC. terminated Truist Credit Line with Truist Bank valued at $20 million (effective 2022-11-16).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"$20 million"},{"label":"Effective","value":"2022-11-16"}],"fact_type":"material_agreement"},{"claim_id":"4b3d1f77301a150b8cb3e4bb98c3a340a6e7bd21","claim":"APPLIED OPTOELECTRONICS, INC. entered into Credit Facility with CIT Northbridge Credit, LLC valued at $27.78 million (effective 2022-11-16).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CIT Northbridge Credit, LLC"},{"label":"Value","value":"$27.78 million"},{"label":"Effective","value":"2022-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}