Danimer Scientific Secures $20M Revolving Credit Facility from Mountain Ridge Capital

Danimer Scientific (DNMR) has announced an asset-based revolving credit and security agreement with Mountain Ridge Capital, providing the company with $20 million in borrowing capacity. The facility, secured primarily by accounts receivable and inventory, allows for increases in the commitment up to an additional $5 million. The agreement matures on April 19, 2027, and the loan proceeds will be used for general corporate purposes and working capital needs.

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