BB&T Provides $50MM Revolver for Applied Optoelectronics

Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.

East West Bank’s AOI Agreement Increases Borrowing

Applied Optoelectronics announced it entered into a credit agreement with East West Bank to expand its borrowing capacity to $15 million to fund general working capital and manufacturing expansion needs.