Monitor subsequent drawdowns and any covenant-related disclosures in future 10-Qs. The revocable nature means the bank could pull the line if credit conditions deteriorate. The executive departure 11 days prior adds mild governance uncertainty but does not alter the credit facility's standalone impact.
Price Chart
Executive Summary
Applied Optoelectronics' Chinese subsidiary Global Technology doubled its credit facility with Shanghai Pudong Development Bank from RMB 250M to RMB 500M (~$69M) under a one-year, revocable credit line. The facility supports working capital and capital expenditure needs, secured by existing mortgaged real property. This is a routine financing increase that improves near-term liquidity but carries revocability risk.
Key Financial Metrics
Key Facts
- Credit line increased from RMB 250M to RMB 500M (doubled)
- One-year term: May 21, 2026 to May 21, 2027
- Secured by real property previously mortgaged under the prior facility
- Bank may revoke at any time without prior notice at its sole discretion
- Facility includes working capital loans (up to RMB 150M), fixed asset loans (up to RMB 300M), and bank acceptance bills (up to RMB 200M)
- Fixed asset loan portion is non-revolving; working capital and bank acceptance portions are revolving
Financial Impact
Credit line increased by RMB 250M (from RMB 250M to RMB 500M). No drawdown amounts or interest rates disclosed.
Risk Factors
- Credit line is revocable at bank's sole discretion without prior notice
- Interest rates on draws are not fixed and will be negotiated at each draw
- Currency risk: facility is in RMB, while parent reports in USD
- Cross-filing context: executive departure 11 days prior may signal management transition risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-004885 |
| Document: aaoi_8k.htm | 0001683168-26-004885 |
| Document: 0001683168-26-004885-index-headers.html | 0001683168-26-004885 |
| Document: 0001683168-26-004885-index.html | 0001683168-26-004885 |
| Document: 0001683168-26-004885.txt | 0001683168-26-004885 |
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| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Insider Cluster | $103.29 $98.06 | ▼ −5.06% | ▼ −4.56% | $115.59 (+11.91%) |
Aug 12, 2026 7w ago | Insider Cluster | $130.08 $129.10 | ▼ −0.75% | ▲ +1.21% | $115.59 (−11.14%) |
Aug 2, 2026 8w ago | Institutional Cluster | $110.21 $132.81 | ▲ +20.51% | ▲ +18.48% | $115.59 (+4.88%) |
Jun 16, 2026 15w ago | 8-K | $167.34 $146.97 | ▼ −12.17% | ▼ −11.13% | $115.59 (−30.93%) |
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Jun 8, 2026 16w ago | Insider Cluster | $162.88 $191.55 | ▼ −17.60% | ▼ −15.19% | $115.59 (+29.03%) |
Jun 8, 2026 16w ago | Insider Cluster | $162.88 $191.55 | ▲ +17.60% | ▲ +15.19% | $115.59 (−29.03%) |
Jun 5, 2026 16w ago | 8-K | $196.64 $191.55 | ▼ −2.59% | ▼ −4.70% | $115.59 (−41.22%) |
May 19, 2026 19w ago | Insider Cluster | $165.26 $179.83 | ▼ −8.82% | ▼ −7.58% | $115.59 (+30.06%) |
May 8, 2026 21w ago | DEFA14A | $148.94 $203.57 | ▲ +36.68% | ▲ +35.22% | $115.59 (−22.39%) |
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