Company: AAOI
Filing Date: 2025-08-06
Form Type: 8-K
Source: 0001683168-25-005710
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Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-06
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On July 31, 2025, Applied
Optoelectronics, Inc. (the “ Company”) entered into a Loan and Security Agreement (the “ Credit Facility”) with
BOKF, NA dba BOK Financial, as agent for secured parties. The Credit Facility provides the Company with a three-year, $35 million revolving
line of credit. The Credit Facility includes an accordion feature that allows the Company to request additional lender commitments in
an aggregate amount not to exceed $40 million (for a total aggregate amount of $75 million) pursuant to certain conditions. Borrowings
under the Credit Facility will be used for general working capital purposes and business operations.

The Company's obligations
under the Credit Facility will be secured by substantially all of the Company's assets excluding assets of the Company’s foreign
subsidiaries. As defined in the Loan and Security Agreement, borrowings under the Revolving Advances will bear interest at a rate equal
to Term Secured Overnight Financing Rate (SOFR) plus 0.10% and the Applicable Margin, and on all other Obligations at the same rate unless
otherwise agreed. The Company will make monthly payments of accrued interest, and the principal shall be repaid upon maturity.

The Credit Facility requires
the Company to maintain certain financial covenants and contains representations and warranties, and events of default applicable to the
Company that are customary for agreements of this type.

The foregoing description
of the Credit Facility does not purport to be a complete statement of the parties’ rights and obligations under the Credit Facility
and is qualified in its entirety by reference to the full text of the Loan and Security Agreement and Revolving Note, dated July 31, 2025,
copies of which are attached as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K and incorporated by reference herein.