04:54 PM EDT, 08/19/2024 (MT Newswires) -- Aspen Aerogels ( ASPN ) said late Monday it closed a $125 million term loan facility that matures Aug. 19, 2029, and a $100 million capacity asset-based revolving credit facility with MidCap Financial.

The company will use the proceeds for the full cash redemption of its legacy convertible note and for general corporate purposes.

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