APPLIED OPTOELECTRONICS, INC. — Form 8-K

AAOI executed a $200M credit agreement dated October 30, 2026, comprising $170M initial term loan facility and $30M revolving facility, with East West Bank as administrative agent and multiple arrangers (Cathay Bank, Preferred Bank, Third Coast Bank). The credit facility includes pricing based on Consolidated Senior Leverage Ratio (SOFR + 2.50%–3.25% range), matures October 30, 2030, with mandatory amortization at 3.57% quarterly starting one year after closing. Equipment financing ($125M convertible notes due 2030 referenced as subordinated). No specific covenant breaches or financial distress evident from filing structure.