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Mountain Ridge Capital Provides $20MM Asset-Based Revolver to Danimer Scientific
Tuesday, April 23, 2024

Lenders/Participants Mountain Ridge Capital [Lender]
Structure Asset-Based Revolving Credit Facilty
Amount $20.000 Million
Borrower(s) Danimer Scientific
Description The credit and security agreement provides for borrowings under a revolving commitment of $20 million with availability determined by a borrowing base formula as provided in the agreement. The agreement, among other things, also allows for increases in the commitment up to an additional $5 million and matures on or about April 19, 2027 (earlier maturity is subject to occurrence of certain events). Revolving loans are expected to be used, among other things, for general corporate purposes and working capital needs as permitted by the credit and security agreement.
Industry Plastics
Location GA
Related Tags Danimer Scientific, Mountain Ridge Capital

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