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
Aspen Aerogels, Inc. (ASPN)
Last aspen aerogels, inc. earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
ir.aerogel.com/investors/investors-home/default.aspx
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Source: PR Newswire
Actions aimed at reducing cost of capital and providing financing flexibilityCollateral structure excludes planned second aerogel manufacturing facility (Plant II) in Statesboro, GeorgiaProceeds used to cash redeem existing convertible note and support supplemental Plant II debt financingNORTHBOROUGH, 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 $100 million capacity asset-based revolving credit facility with MidCap Financial, a leading commercial finance company managed by Apollo Capital Management, L.P., focused on middle market transactions. The collateral structure of this agreement excludes the assets of Aspen's wholly-owned subsidiary, Aspen Aerogels Georgia LLC, including the Company's planned second aerogel manufacturing facility in Statesboro, Georgia. The proceeds from this trans
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ASPN
News
- Returns At Aspen Aerogels (NYSE:ASPN) Are On The Way Up [Yahoo! Finance]Yahoo! Finance
- Aspen Aerogels: Management Guidance Remains Very Conservative [Seeking Alpha]Seeking Alpha
- Cold Insulation Market to Surge to US$ 13.1 Billion by 2032, Reports Notable Growth Amid Rising Energy Efficiency Initiatives [Yahoo! Finance]Yahoo! Finance
- Aspen Aerogels, Inc. (NYSE: ASPN) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $36.00 price target on the stock.MarketBeat
- Aspen Aerogels, Inc. (NYSE: ASPN) had its price target raised by analysts at TD Cowen from $36.00 to $41.00. They now have a "buy" rating on the stock.MarketBeat
ASPN
Earnings
- 8/7/24 - Beat
ASPN
Sec Filings
- 9/16/24 - Form 4
- 9/9/24 - Form 4
- 9/3/24 - Form 8-K
- ASPN's page on the SEC website