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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Mountain Ridge Capital Provides $20MM Asset-Based Revolver to Danimer Scientific
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Lenders/Participants
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Mountain Ridge Capital [Lender]
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Structure
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Asset-Based Revolving Credit Facilty
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Amount
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$20.000
Million
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Borrower(s)
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Danimer Scientific
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Description
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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.
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Industry
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Plastics
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Location
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GA
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| Related Tags |
Danimer Scientific, Mountain Ridge Capital
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ABL Advisor
Deal Tables
2024
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