Danimer Scientific Takes Action to Strengthen Capital Structure
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Danimer Scientific has issued a super senior secured promissory note worth $11.25 million to strengthen its capital structure. This move involves certain lenders under its existing term loan financing agreement and additional lenders.
December 17, 2024 | 9:30 pm
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Danimer Scientific has issued a super senior secured promissory note of $11.25 million to enhance its capital structure, involving existing and additional lenders.
The issuance of a secured promissory note indicates a strategic move to strengthen Danimer's financial position, which is likely to be viewed positively by investors. This action suggests improved liquidity and financial stability, potentially leading to a positive short-term impact on the stock price.
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