Business Context and Reporting Period
Company: Aspen Aerogels, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 25, 2018
Event: Entry into a Material Definitive Agreement regarding the amendment of an existing credit facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or specific debt balances. The document focuses exclusively on the terms of a loan agreement amendment.
Material Changes
- Credit Facility Extension: The Company amended its Amended and Restated Loan and Security Agreement with Silicon Valley Bank.
- Maturity Date: The maturity date of the Credit Facility was extended from April 28, 2018, to April 28, 2019.
- Covenants: The amendment includes agreement on certain financial covenants applicable to the extended term.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operations, or specific risk factors beyond the standard qualification that the summary is subject to the full text of the Amendment. The full text of the Amendment is referenced as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending June 30, 2018.
Investor Verification Checklist
- Verify the specific financial covenants agreed upon in the seventh amendment to the Credit Facility.
- Review the full text of the Amendment attached to the Form 10-Q for the period ending June 30, 2018.
- Confirm the current outstanding balance and interest rate terms of the Silicon Valley Bank Credit Facility.