Loan & DebtJun 16, 2026, 05:21 PM
Applied Optoelectronics Subsidiary Secures RMB 500M Credit Line
AI Summary
Applied Optoelectronics, Inc.'s wholly-owned subsidiary, Global Technology, Inc., entered into a new one-year credit line agreement with Shanghai Pudong Development Bank Co., Ltd. The agreement provides up to RMB 500,000,000, effectively doubling the previous facility of RMB 250,000,000. This increased financing is intended to support Global Technology's working capital needs and general business operations. The credit line is secured by real property and offers various financing arrangements including working capital, fixed asset loans, and bank acceptance bills.
Key Highlights
- Applied Optoelectronics' subsidiary, Global Technology, secured a new credit line.
- The credit line provides up to RMB 500,000,000 from Shanghai Pudong Development Bank.
- It supersedes a prior facility of RMB 250,000,000, effectively doubling the available credit.
- The agreement is for one year, from May 21, 2026, through May 21, 2027.
- It includes working capital loans up to RMB 150,000,000 and fixed asset loans up to RMB 300,000,000.
- Also includes bank acceptance bills up to RMB 200,000,000.
- The obligations are secured by real property previously mortgaged to the Bank.
- The Bank retains the right to revoke the credit line at its sole discretion.
Price Impact
More from AAOI