Applied Optoelectronics, Inc. (AAOI) disclosed that its wholly-owned subsidiary, Global Technology, Inc., has entered into a new one-year credit line agreement with Shanghai Pudong Development Bank. The new agreement doubles the available credit from RMB 250 million to RMB 500 million to support working capital needs and general business operations in China.
Key Details
- Agreement: On June 11, 2026, Global Technology, Inc. entered into a credit line agreement for an aggregate amount of up to RMB 500,000,000.
- Terms: The facility is available from May 21, 2026, through May 21, 2027. It includes sublimits for working capital loans (up to RMB 150M), fixed asset loans (up to RMB 300M), and bank acceptance bills (up to RMB 200M).
- Superseded Facility: This new credit line replaces a prior agreement dated July 29, 2025, which provided for a maximum of RMB 250,000,000.