---
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"
generated_at: "2026-06-21T14:48:12.627229+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Applied Optoelectronics enters $27.78M revolving credit facility, terminates Truist Bank line

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-007949
- JSON: https://secwatch.observer/filing/0001683168-22-007949.json
- Plain text: https://secwatch.observer/filing/0001683168-22-007949.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.