Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 110

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 6, 2027   8,661   13,216 
 Revolving line of credit with a China bank up to $22.7 million with interest at 3.1%, maturing May 24, 2029   13,522   - 
 Total   22,183   26,682 
 Less current portion   (22,183)  (26,682)
 Non-current portion  $-  $- 

     Bank Acceptance Notes Payable  June 30, 2025  December 31, 2024 
 Bank acceptance notes issued to vendors with zero handling fees  $9,934  $19,259 

   The loans are all within one year of the balance sheet date of  June 30, 2025.
   ​
   On  May 24, 2019, Global entered into a five-year revolving credit line agreement, totaling 180,000,000 RMB (the "SPD Credit Line"), or approximately $25.4 million at that time, and a mortgage security agreement (the "Security Agreement"), with Shanghai Pudong Development Bank Co., Ltd ("SPD"). Borrowing under the SPD Credit Line will be used for general corporate and capital investment purposes, including the issuance of bank acceptance notes to Global’s vendors. Global  may draw upon the SPD Credit Line on an as-needed basis at any time during the 5-year term; however, draws under the SPD Credit Line  may become due and repayable to SPD at SPD’s discretion due to changes in Chinese government regulations and/or changes in Global’s financial and operational condition. Each draw will bear interest equal to SPD’s commercial banking interest rate effective on the day of the applicable draw. Global’s obligations under the SPD Credit Line will be secured by real property owned by Global and mortgaged to the Bank under the terms of the Security Agreement.
    
   On  May 24, 2024, Global renewed the SPD Credit Line for a five-year revolving credit line, totaling 170,000,000 RMB (the “Renewed SPD Credit Line”) or approximately $23.9 million at that time, and Global also entered into a mortgage contract security agreement, with SPD. Global  may draw upon the Renewed SPD Credit Line on an as-needed basis between  May 24, 2024 and  May 24, 2029. On  June 18,