Applied Optoelectronics, Inc., through its wholly-owned subsidiary Global Technology, Inc., has secured a one-year credit facility totaling 82,000,000 RMB with Shanghai Pudong Development Bank Co., Ltd. in Ningbo City, China. The agreement, effective from July 18, 2025, bears an interest rate equal to the bank's 12-month prime loan rate minus 0.4%, currently set at 3.0%. This facility, maturing on July 18, 2026, will primarily be used for repaying existing loans with China Zheshang Bank Co., Ltd. and for general corporate and capital investment purposes. Notably, Global Technology's obligations under this facility are unsecured. Additionally, the company utilized this credit facility to settle outstanding amounts on its prior CZB Credit Line, thus terminating the related agreements without incurring any penalties.
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