Danimer Scientific Takes Action to Strengthen Capital Structure [Yahoo! Finance]
Danimer Scientific, Inc. (DNMR)
Company Research
Source: Yahoo! Finance
Danimer Scientific has issued a $11.25 million super senior secured promissory note to strengthen its capital structure and provide liquidity. The loan has a two-year maturity and an interest rate of 15% per annum. The company plans to use the funds to support its growth and production of biodegradable plastics alternatives, including a recently awarded cutlery contract. Danimer's CEO stated that the company is focused on ramping up production and combating non-degradable plastics waste, and is working with lenders and stakeholders to achieve its goals. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Announces Issuance of $11,250,000 Super Senior Secured Promissory Note BAINBRIDGE, Ga., December 17, 2024 BUSINESS WIRE )--Danimer Scientific, Inc. (NYSE: DNMR) ("Danimer" or the
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DNMR
News
- Danimer Scientific Takes Action to Strengthen Capital StructureBusiness Wire
- 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