Danimer Scientific Takes Action to Strengthen Capital Structure
Danimer Scientific, Inc. (DNMR)
Company Research
Source: Business Wire
Announces Issuance of $11,250,000 Super Senior Secured Promissory Note BAINBRIDGE, Ga.--(BUSINESS WIRE)--Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced that the Company issued a super senior secured promissory note (the “Secured Loan”) in an aggregate principal amount of $11,250,000 to certain lenders under its existing term loan financing agreement, as well as certain additional lenders. The Secured Loan provides for $11,250,000 gross proceeds, less fees and expenses. The Secured Loan has a two-year maturity and accrues interest at 15.0% per annum, which interest is payable in kind.The Secured Loan provides liquidity and strengthens the Company’s balance sheet as it remains focused on providing its customers with its innovative polyhydroxyalkanoate (PHA) and polylactic acid (PLA) products, which are used in the creation of biodegr
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DNMR
News
- Danimer Scientific Takes Action to Strengthen Capital Structure [Yahoo! Finance]Yahoo! Finance
- Biodegradable Plastics Market Global Forecast to 2029 [Yahoo! Finance]Yahoo! Finance
- Biodegradable Plastics Industry Research Business Report 2024-2030: Advancements in Compostable and Marine-Degradable Plastics Expand Market Opportunities [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific, Inc. (NYSE: DNMR) had its price target lowered by analysts at TD Cowen from $40.00 to $5.50. They now have a "hold" rating on the stock.MarketBeat
- Danimer Scientific, Inc. (NYSE: DNMR) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $4.00 price target on the stock, down previously from $40.00.MarketBeat
DNMR
Earnings
- 11/19/24 - Beat
DNMR
Sec Filings
- 12/17/24 - Form 424B3
- 12/17/24 - Form 8-K
- 12/13/24 - Form 424B3
- DNMR's page on the SEC website