secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001683168-22-007949
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/0001683168-22-007949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000168316822007949/applied_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007949

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