Danimer Scientific (NYSE: DNMR) has entered into an asset-based revolving credit and security agreement with Mountain Ridge Capital. This agreement provides DNMR with access to a revolving commitment of $20 million, and the availability of funds is determined by a borrowing base formula outlined in the agreement. The agreement allows for potential increases in the commitment up to an additional $5 million and matures on or about April 19, 2027. The company intends to use the revolving loans for general corporate purposes and working capital needs.
Danimer Scientific Secures $20M Revolving Credit Facility from Mountain Ridge Capital
