Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 24

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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erm Debt
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   Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):
   ​
   
       September 30, 2025    December 31, 2024  
 Revolving line of credit with a China bank up to $24.3 million with interest between 4.00% and 4.35%, terminated on June 18, 2025  $-  $13,466 
 Revolving line of credit with a China bank up to $35.2 million with interest at 2.6%, maturing July 29, 2030   14,355   - 
 Credit facility with a China bank up to $28.5 million with interest between 3.10% and 4.35%, terminated on July 23, 2025   -   13,216 
 Revolving line of credit with a China bank up to $22.9 million with interest at 2.95%, maturing June 26, 2030   13,623   - 
 Total   27,978   26,682 
 Less current portion   (27,978)  (26,682)
 Non-current portion  $-  $- 

     Bank Acceptance Notes Payable  September 30, 2025  December 31, 2024 
 Bank acceptance notes issued to vendors with zero handling fees  $34,046  $19,260 

   The loans are all within one year of the balance sheet date of  September 30, 2025.
    
   SPD Credit Line
    
   On  May 24, 2024, Global entered into a five-year revolving credit line with Shanghai Pudong Development Bank Co., Ltd. ("SPD"), totaling 170,000,000 RMB (the “SPD Credit Line”) or approximately $23.9 million at that time. On  June 18, 2025, Global used the CCB Credit Facility, as described hereinbelow, to repay certain amounts outstanding under the SPD Credit Line. Upon repayment, Global terminated the SPD Credit Line effective  June 18, 2025. 
    
   On  July 18, 2025, Global entered into a one-year credit facility with SPD, totaling 82,000,000 RMB (the “¥82M Credit Facility