Applied Optoelectronics starts work on maturing 5% convertibles

Chicago, Nov. 30 – Applied Optoelectronics Inc. has a plan to start to repurchase or exchange the company’s 5% convertible notes due March 15, 2024 for a combination of cash and stock in privately negotiated transactions.

Funding for the repurchases or exchanges will come from a new offering of three-year convertible notes.

The company may engage in additional exchanges or repurchases or induce conversion of the 5% notes following the completion of the new offering.

Applied Optoelectronics is a Sugar Land, Tex.-based advanced optical products developer and manufacturer.

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