Aspen Aerogels Signs Credit Agreement Amendment With MidCap Financial
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Aspen Aerogels has amended its Credit, Security and Guaranty Agreement with MidCap Financial, raising the minimum liquidity threshold and removing the minimum EBITDA covenant. The amendment aims to streamline covenant compliance and maintain liquidity discipline. It also adjusts asset sale proceeds usage and reduces the basket for permitted acquisitions. The agreement was signed on December 16, 2025, and is effective immediately.
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