Roth/MKM Reiterates Buy Rating on Aspen Aerogels (ASPN)

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Go back to Roth/MKM Reiterates Buy Rating on Aspen Aerogels (ASPN)

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

August 19, 2024 4:30 PM EDT

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)... More