Danimer Scientific Announces $20 Million Asset-Based Revolving Credit Facility [Yahoo! Finance]
Danimer Scientific, Inc. (DNMR)
Company Research
Source: Yahoo! Finance
generation bioplastics company focused on the development and production of biodegradable materials, announced today, that on April 19, 2024, it entered into an asset-based revolving credit and security agreement with Mountain Ridge Capital secured primarily by the Company's accounts receivable and inventory. The credit and security agreement provides for borrowings under a revolving commitment of $20 million with availability determined by a borrowing base formula as provided in the agreement. The agreement, among other things, also allows for increases in the commitment up to an additional $5 million and matures on or about April 19, 2027 (earlier maturity is subject to occurrence of certain events). Revolving loans are expected to be used, among other things, for general corporate purposes and working capital needs as permitted by the credit and security agreement. About Danimer Scientific Danimer is a pioneer in creating more sustainable, more natural ways to make plastic pr
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DNMR
News
- Danimer Scientific Announces Proposed Pro-Rata Distribution of Warrants to Purchase Common Stock [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific Announces Proposed Pro-Rata Distribution of Warrants to Purchase Common StockBusiness Wire
- Will Danimer Scientific, Inc. (DNMR) Report Negative Q1 Earnings? What You Should Know [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific Announces Release Date for First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific Announces Release Date for First Quarter 2024 ResultsBusiness Wire
DNMR
Earnings
- 11/14/23 - Miss
DNMR
Sec Filings
- 5/3/24 - Form 424B3
- 5/3/24 - Form 8-K
- 4/22/24 - Form 424B3
- DNMR's page on the SEC website