Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 26

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 On  June 26, 2025, Global entered into a five-year revolving credit line agreement with CCB, totaling 162,260,000 RMB (the "CCB Credit Line"), or approximately $22.7 million at that time. The amount available under the CCB Credit Line is inclusive of the CCB Credit Facility previously granted by CCB on  June 12, 2025. As of  September 30, 2025, there was $13.6 million outstanding under the CCB Credit Line, The outstanding balance of bank acceptances notes under this bank issued to vendors was $7.0 million as of  September 30, 2025.﻿The unused credit as of  September 30, 2025 was $1.9 million.
    
   BOKF Loan
    
   On  July 31, 2025, the Company entered into a Loan and Security Agreement (the “BOKF Credit Facility”) with BOKF, NA dba BOK Financial, as agent for secured parties. The BOKF Credit Facility provides the Company with a three-year, $35 million revolving line of credit, with the ability 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. As of  September 30, 2025, $0 was outstanding under the BOKF Credit Facility.  
   As of  September 30, 2025 and  December 31, 2024, the Company had $43.8 million and $24.8 million of unused borrowing capacity, respectively.
    
   As of  September 30, 2025 and  December 31, 2024, there was $9.7 million and $8.5 million of restricted cash, investments or security deposits associated with the loan facilities, respectively.

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   Note 12.  Convertible Senior Notes
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   On  March 5, 2019, the Company issued $80.5 million of 5% convertible senior notes due 2024 (the "2024 Notes"). On  December 5, 2023, the Company issued approximately $80.2 million aggregate principal amount of 5.250% convertible senior notes due 2026 (the "2026 Notes"), and on the same day consummated various