Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 16

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 16
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ireh 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.

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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 $5,804 

8. Leases  

The Company evaluates contracts for lease accounting at contract inception and assesses lease classification at the lease commencement date.  The finance lease is related to the $5.1 million of a machinery lease financing with a vendor.  The Company does not record leases on the Condensed Consolidated Balance Sheets with a term of one year or less. The components of the Company’s operating and finance lease expenses are as follows for the periods presented (in thousands):Three Months Ended September 30,20252024Operating leases:     Fixed rent expense$1,629 $1,737      Variable rent expense270 270 Finance lease:     Amortization of equipment128 128      Interest41 59 Short-term leases     Short-term lease expenses46 32                Total lease expenses$2,114 $2,226 

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

Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and