Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 55

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 55
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ender following such payment.  The agreement was amended with fixed implied interest rate of 7.51% and monthly payment of principal and interest effective in October 2022.  Other terms remain the same.  In addition, Jireh purchased hardware for the machine under this financing arrangement.  The purchase price of this hardware was $0.2 million.  The financing arrangement is secured by this equipment and other equipment at Jireh, which had the net book value of $11.7 million as of September 30, 2025.  As of September 30, 2025, the outstanding balance of this debt financing was $5.8 million. Long-term bank borrowingsOn August 18, 2021, Jireh entered into a term loan agreement with a financial institution (the “Bank”) in an amount up to $45.0 million for the purpose of expanding and upgrading the Company’s fabrication facility located in Oregon.  The obligation under the loan agreement is secured by substantially all assets of Jireh and guaranteed by the Company.  The agreement has a 5.5 year term and matures on February 16, 2027.  Jireh is required to make consecutive quarterly payments of principal and interest.  The loan accrues interest based on adjusted SOFR plus the applicable margin based on the outstanding balance of the loan.  This agreement contains customary restrictive covenants and includes certain financial covenants that the Company is required to maintain.  Jireh drew down $45.0 million on February 16, 2022 with the first payment of principal beginning in October 2022.  As of June 30, 2025, Jireh was in compliance with these covenants and the outstanding balance of this loan was $20.3 million.  In August 2025, the Company paid the outstanding balance in full.  As of August 2025, this agreement was terminated with no outstanding balance.

16

ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Maturities of short-term debt and long-term debt were as follows (in thousands):Year ending June 30,2026 (Remaining)$2,173 20273,095 2028536 Total principal$5,804 Short-term DebtLong-term DebtTotalPrincipal amount$2,925 $2,879 $