secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001683168-24-003885
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Optoelectronics subsidiary enters 170M RMB revolving credit facility through 2029
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- 170M RMB ($~23.5M) revolving credit line from Shanghai Pudong Development Bank for general corporate and capital investment.
- Credit line available May 24, 2024 to May 24, 2029; interest negotiated per draw.
- Secured by real property owned by subsidiary Global Technology, Inc.
- Bank can revoke the line unilaterally at any time without notice based on market or credit conditions.
- Borrowings used for general corporate and capital investment purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824003885/0001683168-24-003885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824003885/appliedopto_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003885

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer