Aspen Aerogels Says Second Plant Expected To Provide ~$1.2B-$1.6B In Revenue

Benzinga · 10/16 12:32

Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plant

Interest rate at applicable U.S. Treasury Rate at the time of each cash draw

Plant is expected to provide ~$1.2B - $1.6B of incremental PyroThin® thermal barrier revenue capacity

Project financing structure, with Aspen Aerogels, Inc.'s subsidiary Aspen Georgia, LLC as the borrower

Q3 2024 revenue of $117 million drove $25 million of Adjusted EBITD