Aspen Aerogels, Inc. · NYSE:ASPN
Aspen Aerogels — Debt Investor Presentation (August 2024)
6 slides from Aspen Aerogels's debt investor presentation, Aug 20, 2024
Slide 1: Aspen Aerogels MidCap Financing Announcement
August 20, 2024 ASPEN AEROGELS MIDCAP FINANCING ANNOUNCEMENT
Slide 2: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements This presentation and any related discussion contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from
Slide 3: Financing Facility Highlight Summary
Financing Facility Highlight Summary $225M debt facility is structured with $125M as 5-year term debt combined with $100M revolving asset backed facility Summary Terms and Transaction Details Collateral Structure Summary Term Loan Revolver Size $125M Lesser of $100M or Borrowing Base Parent’s Assets
Slide 4: What this Financing Enables
What this Financing Enables $225M facility enables flexibility, a lower cost of capital in a lower rate environment, and eliminates potential equity overhang Flexibility Potential for Lower Equity Overhang Cost of Capital Removal ASPN Stock Price Since January 3, 2022 55 • $100M revolving line of •
Slide 5: Effects on the Pro-Forma Cap Structure
Effects on the Pro-Forma Cap Structure Aiming for total cost of debt to be meaningfully below a 10% annual rate over time to support equity value creation Current and Pro Forma Capital Structure Pro-forma Structure Commentary $ in Millions 2,650 • Enables the company’s equity to reach its full 57 Re
Slide 6: Aspen Aerogels
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Aspen Aerogels — Debt Investor Presentation (August 2024) on 6ix