Aspen aerogels, inc. announces $100 million secured loan agreement with general motors

Financing in connection with aspen's pyrothin® thermal barrier capacity expansion northborough, mass. , nov. 29, 2022 /prnewswire/ -- aspen aerogels, inc. (nyse: aspn) ("aspen" or the "company"), a technology leader in sustainability and electrification solutions, today announced that its wholly-owned subsidiary, aspen aerogels georgia llc, together with the company and aspen aerogels rhode island, llc have entered into a definitive loan agreement with general motors holdings llc ("gm"), an affiliate of general motors (nyse: gm), for a secured lending commitment of $100 million in connection with aspen's construction and equipping of its second aerogel manufacturing facility in statesboro, georgia.
GM Ratings Summary
GM Quant Ranking