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Published on 6/28/2022 in the Prospect News Convertibles Daily.

Convertibles Calendar: Aspen Aerogels on tap

June 29

ASPEN AEROGELS INC.:

• $150 million five-year green convertible notes

• $22.5 million greenshoe

• Coupon of 6% to 6.5% and initial conversion premium of 22.5% to 27.5%

• Non-callable for three years then subject to a 130% hurdle

• SEC registered

• Barclays, Jefferies LLC and BofA Securities Inc.

• Concurrent $225 million offering of common stock

• Fund capital projects such as the construction and development of aerogel manufacturing and assembly facilities

• Northborough, Mass.-based aerogel manufacturer


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