Applied Optoelectronics’ $80.5 Million Convertible Senior Notes Offering


Haynes and Boone, LLP represented Applied Optoelectronics, Inc. (AOI) as issuer’s counsel in its offering of $80.5 million of 5.00% Convertible Senior Notes due 2024.

The offering closed on March 5, 2019, and generated net proceeds to AOI of approximately $76.4 million, after deducting the initial purchasers’ discounts and estimated offering expenses payable by AOI.

Applied Optoelectronics, Inc. manufactures and supplies fiber-optic networking products. The Company offers diode lasers, photodiodes, subassemblies, and related modules and equipment. Applied Optoelectronics led by Chih-Hsiang Lin, Stefan J Murry and Hung-Lun Chang, serves customers in the United States, Taiwan, and China.

AOI intends to use approximately $37.8 million of the net proceeds from the offering to fully repay its capital expenditure loan and real estate term loan with Branch Banking and Trust Company and to use the remainder for general corporate purposes.

Haynes and Boone advised AOI with Frank Wu (Picture), Jennifer Wisinski, Sameer Saxena, Paul Amiel, Monika Sanford, Simin Sun, Laura Shapiro and Camie Carlock.

Involved fees earner: Paul Amiel – Haynes and Boone; Camie Carlock – Haynes and Boone; Monika Sanford – Haynes and Boone; Sameer Saxena – Haynes and Boone; Laura Shapiro – Haynes and Boone; Simin Sun – Haynes and Boone; Jennifer Wisinski – Haynes and Boone; Frank Wu – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: Applied Optoelectronics Inc;

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Author: Ambrogio Visconti