Actionable news
All posts from Actionable news
Actionable news in AAOI: Applied Optoelectronics, Inc.,

Entry into a Material Definitive

On April 8, 2016, Applied Optoelectronics, Inc. (the Company) renewed its NT$90 million and NT$120 million, one year revolving credit facilities, originally dated March 9, 2015 (collectively the Renewed Credit Facility), with E. Sun Commercial Bank Co., Ltd. in Taipei, Taiwan (the Bank). Borrowings under the Renewed Credit Facility will be used for general corporate purposes.

The Company may draw upon the Renewed Credit Facility from February 3, 2016 until February 3, 2017, with the initial draw to occur no later than June 3, 2016. The term of each draw shall not exceed 180 days. The Company will make monthly payments of accrued interest with the final monthly payment being for all principal and all accrued interest not yet paid.

NT$90 Million Credit Fa cility

Borrowings under the NT$90 Million credit facility will bear interest at a rate equal to the London Interbank Offered Rate (LIBOR) plus 1.7% divided by 0.946. The Companys obligations under the NT$90 million credit facility are secured by the Companys certificates of deposit with the Bank and a promissory note issued by the...