{"id":920821,"date":"2025-12-17T18:33:06","date_gmt":"2025-12-17T23:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/"},"modified":"2025-12-17T18:33:06","modified_gmt":"2025-12-17T23:33:06","slug":"aspen-aerogels-announces-amendment-to-midcap-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/","title":{"rendered":"Aspen Aerogels Announces Amendment to MidCap Credit Facility"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NORTHBOROUGH, Mass., Dec.  17, 2025  (GLOBE NEWSWIRE) &#8212;  Aspen Aerogels, Inc. (NYSE: ASPN) (\u201cAspen\u201d or the \u201cCompany\u201d), a technology leader in sustainability and electrification solutions, today announced that it has entered into an amendment to its existing Credit, Security and Guaranty Agreement with MidCap Financial.<\/p>\n<p>The amendment enhances Aspen\u2019s financial position and includes updates to the Company\u2019s financial covenant framework to provide additional flexibility, along with other technical changes.<\/p>\n<p>\u201cOur liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,\u201d said Grant Thoele, Aspen\u2019s Chief Financial Officer &amp; Treasurer. \u201cWe value MidCap\u2019s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.\u201d<\/p>\n<p>The amendment will be filed with the Securities and Exchange Commission.<\/p>\n<p align=\"justify\">\n        <strong>About Aspen Aerogels, Inc.<\/strong><br \/>\n        <br \/>Aspen is a technology leader in sustainability and electrification solutions. The Company&#8217;s aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen&#8217;s PyroThin\u00ae products enable solutions to thermal runaway challenges within the electric vehicle (&#8220;EV&#8221;) market. The Company&#8217;s Cryogel\u00ae and Pyrogel\u00ae products are valued by the world&#8217;s largest energy infrastructure companies. Aspen&#8217;s strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform\u00ae into additional high-value markets. Aspen is headquartered in Northborough, Mass. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TD9H2ox-xRfu2DEu8eRz6vm7t9V6KLqi8YlC7s5GyMsUBWYEAc7ZnmuDWFqijhdPHyvg5wnQIRKQeCumJvXKvA==\" rel=\"nofollow\" target=\"_blank\">www.aerogel.com<\/a>.<\/p>\n<p>\n        <strong>Special Note Regarding Forward-Looking and Cautionary Statements<\/strong><br \/>\n        <br \/>This press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements, including statements relating to Aspen\u2019s financial outlook for the full year 2025. These statements are not historical facts but rather are based on Aspen\u2019s current expectations, estimates and projections regarding Aspen&#8217;s business, operations and other factors relating thereto, including with respect to Aspen\u2019s financial outlook for the full year 2025. Words such as \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201canticipate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201coutlook,\u201d \u201cassumes,\u201d \u201ctargets,\u201d \u201copportunity,\u201d and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include statements regarding, among other things, Aspen\u2019s beliefs and expectations about liquidity, revenue, cash flow, gross profit, gross margin, operating margin, net income (loss), Adjusted EBITDA, profitability, capacity, revenue capacity, backlog, costs, expenses, and related increases, decreases, trends or timing, including with respect to Aspen\u2019s beliefs and expectations about the EV and energy industrial market; and; the strength, effectiveness, productivity, costs, potential profitability or other fundamentals of Aspen\u2019s business. All such forward-looking statements are based on management\u2019s present expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the following: ongoing uncertainty in the EV and energy infrastructure markets and potential demand for Aspen\u2019s products; inability to execute Aspen\u2019s long-term growth plan; the right of EV thermal barrier customers to cancel contracts with Aspen at any time and without penalty; any costs, expenses, or investments incurred by Aspen in excess of projections used to develop pricing for Aspen\u2019s products; Aspen\u2019s inability to create customer or market opportunities for its products; any failure to enforce any of Aspen\u2019s patents; the general economic conditions and cyclical demands in the markets that Aspen serves; the impact of changes in government and economic policies, incentives, and tariffs on Aspen&#8217;s customers, production, sales, cost structure, competitive landscape and results of operations; and the other risk factors discussed under the heading \u201cRisk Factors\u201d in Aspen\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 and filed with the Securities and Exchange Commission (\u201cSEC\u201d) on February 27, 2025, as well as any updates to those risk factors filed from time to time in Aspen\u2019s subsequent periodic and current reports filed with the SEC. All statements contained in this press release are made only as of the date of this press release. Aspen does not intend to update this information unless required by law.<\/p>\n<p>\n        <strong>Investor Relations Contacts:<\/strong><br \/>\n        <br \/>Neal Baranosky<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L6azJ4sX6GpnN89O4tzaa3YZIWGYWmb1s4rVw0SS1bAqqgGHslpdkU4s6174RULkEHkdgT6ufpCXhtdr6MKBRKkIto1Wc4h3bTgi_b2HHL8=\" rel=\"nofollow\" target=\"_blank\">nbaranosky@aerogel.com<\/a><br \/>Phone: (508) 691-1111 x 8<\/p>\n<p>Georg Venturatos \/ Patrick Hall<br \/>Gateway Group <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PqeoMRMCbvboy6_NRGTm1b9uByVwJPQiuhZxR2_QaizP4NXMxbzDfPFpfyYevhpMn9uWIRllPmh2KYxZTRl_qkFVZhRv59huOglepuxLBAI=\" rel=\"nofollow\" target=\"_blank\">ASPN@gateway-grp.com<\/a><br \/>Phone: (949) 574-3860<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OTI4NjEyODYtMWZmZi00Mjg5LWI3YTQtNmRiYWUzNGY5MDdjLTExODkyMzEtMjAyNS0xMi0xNy1lbg==\/tiny\/Aspen-Aerogels-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NORTHBOROUGH, Mass., Dec. 17, 2025 (GLOBE NEWSWIRE) &#8212; Aspen Aerogels, Inc. (NYSE: ASPN) (\u201cAspen\u201d or the \u201cCompany\u201d), a technology leader in sustainability and electrification solutions, today announced that it has entered into an amendment to its existing Credit, Security and Guaranty Agreement with MidCap Financial. The amendment enhances Aspen\u2019s financial position and includes updates to the Company\u2019s financial covenant framework to provide additional flexibility, along with other technical changes. \u201cOur liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,\u201d said Grant Thoele, Aspen\u2019s Chief Financial Officer &amp; Treasurer. \u201cWe value MidCap\u2019s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.\u201d The amendment will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aspen Aerogels Announces Amendment to MidCap Credit Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-920821","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aspen Aerogels Announces Amendment to MidCap Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aspen Aerogels Announces Amendment to MidCap Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NORTHBOROUGH, Mass., Dec. 17, 2025 (GLOBE NEWSWIRE) &#8212; Aspen Aerogels, Inc. (NYSE: ASPN) (\u201cAspen\u201d or the \u201cCompany\u201d), a technology leader in sustainability and electrification solutions, today announced that it has entered into an amendment to its existing Credit, Security and Guaranty Agreement with MidCap Financial. The amendment enhances Aspen\u2019s financial position and includes updates to the Company\u2019s financial covenant framework to provide additional flexibility, along with other technical changes. \u201cOur liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,\u201d said Grant Thoele, Aspen\u2019s Chief Financial Officer &amp; Treasurer. \u201cWe value MidCap\u2019s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.\u201d The amendment will &hellip; Continue reading &quot;Aspen Aerogels Announces Amendment to MidCap Credit Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-17T23:33:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Aspen Aerogels Announces Amendment to MidCap Credit Facility\",\"datePublished\":\"2025-12-17T23:33:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/\"},\"wordCount\":737,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\\\/\",\"name\":\"Aspen Aerogels Announces Amendment to MidCap Credit Facility - 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(NYSE: ASPN) (\u201cAspen\u201d or the \u201cCompany\u201d), a technology leader in sustainability and electrification solutions, today announced that it has entered into an amendment to its existing Credit, Security and Guaranty Agreement with MidCap Financial. The amendment enhances Aspen\u2019s financial position and includes updates to the Company\u2019s financial covenant framework to provide additional flexibility, along with other technical changes. \u201cOur liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,\u201d said Grant Thoele, Aspen\u2019s Chief Financial Officer &amp; Treasurer. \u201cWe value MidCap\u2019s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.\u201d The amendment will &hellip; Continue reading \"Aspen Aerogels Announces Amendment to MidCap Credit Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2025-12-17T23:33:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Aspen Aerogels Announces Amendment to MidCap Credit Facility","datePublished":"2025-12-17T23:33:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/"},"wordCount":737,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/aspen-aerogels-announces-amendment-to-midcap-credit-facility\/","name":"Aspen Aerogels Announces Amendment to MidCap Credit Facility - 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