{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-202897","form_type":"8-K","ticker":"ASPN","cik":"0001145986","company_name":"ASPEN AEROGELS INC","filed_at":"2024-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.294262+00:00","generated_at":"2026-05-31T08:38:20.713947+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Aspen Aerogels replaces $124M convertible note with $125M term loan and $100M revolver from MidCap","bullets":["Closed $125M term loan and $100M asset-based revolver with MidCap Financial, maturing August 2029.","Used proceeds to fully redeem $123.9M convertible note (plus PIK interest) from Wood River for $150M cash.","Collateral structure excludes Aspen Georgia's assets, preserving flexibility for Plant II debt financing.","Term loan interest: SOFR+4.50% (floor 4.50%, cap 7.50%); revolver: SOFR+4.60% (floor 2.50%).","Terminated undrawn $100M GM loan agreement; all liens released."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-202897","json":"https://secwatch.observer/filing/0001193125-24-202897.json","markdown":"https://secwatch.observer/filing/0001193125-24-202897.md","text":"https://secwatch.observer/filing/0001193125-24-202897.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1145986/000119312524202897/0001193125-24-202897-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1145986/000119312524202897/d887175d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:38:20.713947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}