Aspen aerogels, inc. announces $125 million term loan and $100 million revolving credit facility with midcap financial, and full cash redemption of legacy convertible note

Actions aimed at reducing cost of capital and providing financing flexibility collateral structure excludes planned second aerogel manufacturing facility (plant ii) in statesboro, georgia proceeds used to cash redeem existing convertible note and support supplemental plant ii debt financing northborough, mass. , aug. 19, 2024 /prnewswire/ -- aspen aerogels, inc. (nyse: aspn) ("aspen" or the "company"), a technology leader in sustainability and electrification solutions, today announced that it has closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with midcap financial, a leading commercial finance company managed by apollo capital management, l.p.
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