Aspen Aerogels, a technology company in sustainability and electrification solutions, entered into an amendment to its existing credit, security and guaranty agreement with MidCap Financial.
The amendment enhances Aspen’s financial position and includes updates to the company’s financial covenant framework to provide additional flexibility, along with other technical changes.
“Our liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,” Grant Thoele, chief financial officer and treasurer of Aspen, said. “We value MidCap’s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.”
The amendment will be filed with the Securities and Exchange Commission.
