Cit northbridge credit provides $27.78 million credit facility to applied optoelectronics

New york , dec. 5, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that cit northbridge credit, as advised by cit asset management llc, served as agent on a $27.78 million credit facility for applied optoelectronics, inc. (nasdaq: aaoi), a leading provider of fiber-optic networking products. founded in 1997 and headquartered in sugar land, texas, applied optoelectronics, inc. ("aoi") is a leading provider of fiber-optic access network products for the internet data center, cable broadband, fiber-to-the-home and telecommunications markets.
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