secwatch.observer — SEC 8-K summary
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Issuer:     Danimer Scientific, Inc. (—)
CIK:        0001779020
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0000950170-23-008689
Event type: debt
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 1.02, 2.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Danimer closes $130M term loan, pre-announces FY2022 revenue of $53.2M and net loss of $180M
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- Entered $130M senior secured term loan with Jefferies at 14.4% interest, net proceeds $98.6M after fees and reserves.
- Repaid $4.6M NMTC loan and will repay $5.6M GARJA loan, terminating the Advantage Loan Agreement.
- Issued warrant to Jefferies for 1.5M shares at $7.50 per share, exercisable for five years.
- Preliminary FY2022 revenue $53.2M, net loss $180M (incl. $63M goodwill impairment), Adj. EBITDA -$45M, cash $63M.
- Delaware Chancery Court validated Danimer's charter and all issued shares under Section 205 petition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779020/000095017023008689/0000950170-23-008689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779020/000095017023008689/dnmr-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-008689

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