Danimer Scientific issues super senior secure promissory note
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Company Financing: Danimer Scientific has secured an $11.25 million super senior secured promissory note to enhance liquidity and strengthen its balance sheet, with a two-year maturity and 15% interest payable in kind.
Product Development: The company is focused on increasing production of biodegradable plastic alternatives, including a significant cutlery award, with orders for over 365,000 pounds of resin already received, aiming for full annual run rate by mid-2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
