Aspen Aerogels, Inc. Amends Amended and Restated Loan and Security Agreement with Silicon Valley Bank
January 26, 2018 at 06:13 am
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On January 25, 2018, Aspen Aerogels, Inc. amended the Amended and Restated Loan and Security Agreement with Silicon Valley Bank, which was originally effective from August 31, 2014 to August 31, 2016 and subsequently extended through January 28, 2018. Pursuant to the present amendment, the Credit Facility’s maturity date is extended to April 28, 2018, certain financial covenants are modified and Silicon Valley Bank has consented to the potential future amendment of an existing contract of the company and potential related indebtedness and grant of security interest by the company there under. The summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment.
Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. The Company'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. Its segments include Energy Industrial and Thermal Barrier. Under Energy Industrial, it designs, develops and manufactures aerogel insulation used primarily in the energy industrial and sustainable insulation markets. The Company offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under Thermal Barrier segment, it offers PyroThin product, which is a thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance, and fire protection properties.
ASPEN AEROGELS, INC. 
