Aspen Aerogels amends MidCap credit facility: removes EBITDA covenant, boosts liquidity threshold to 100% of term loan

ASPEN AEROGELS INC

Minimum liquidity threshold raised from greater of $50M and 85% of term loan to greater of $50M and 100%.
Minimum EBITDA financial maintenance covenant removed entirely.
Mandatory prepayment from asset sales reduces amortization in direct order of maturity; acquisition basket reduced.
CFO states liquidity trending ahead of expectations; amendment provides flexibility for 2026.

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