{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-046460","form_type":"8-K","ticker":null,"cik":"0001779020","company_name":"Danimer Scientific, Inc.","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.051485+00:00","generated_at":"2026-06-03T14:14:29.580766+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Danimer Scientific enters $20M asset-based credit facility with Mountain Ridge Capital","bullets":["Revolving commitment of $20M; can be increased up to $25M in $2.5M increments.","Interest rate is SOFR + 7.0% margin; monthly interest on 50% of borrowing base or outstanding principal.","Maturity date is April 19, 2027, or earlier if term loan facility matures within 3 months.","Borrowing base determined by accounts receivable and inventory; secured by those assets.","Covenants include customary restrictions on indebtedness, dividends, and investments."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-046460","json":"https://secwatch.observer/filing/0000950170-24-046460.json","markdown":"https://secwatch.observer/filing/0000950170-24-046460.md","text":"https://secwatch.observer/filing/0000950170-24-046460.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/0000950170-24-046460-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/dnmr-20240419.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:14:29.580766+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a009daf1f22cea7fa5fb8c83a9f069b5ad25a6d6","claim":"Danimer Scientific, Inc. incurred revolving credit of $20,000,000 with ABL OPCO LLC (d/b/a Mountain Ridge Capital) at SOFR market index rate plus an applicable margin of 7.0% maturing April 19, 2027.","evidence_excerpt":"The Credit Agreement provides for borrowings under a revolving commitment of $20,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/0000950170-24-046460-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$20,000,000"},{"label":"Counterparty","value":"ABL OPCO LLC (d/b/a Mountain Ridge Capital)"},{"label":"Rate","value":"SOFR market index rate plus an applicable margin of 7.0%"},{"label":"Maturity","value":"April 19, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a60c83d38da692286d2287eac5f2d56ca2f9af4d","claim":"Danimer Scientific, Inc. entered into Credit Agreement with ABL OPCO LLC (d/b/a Mountain Ridge Capital) valued at $20,000,000 (effective 2024-04-19).","evidence_excerpt":"On April 19, 2024, Danimer Scientific, Inc., Meredian Holdings Group, Inc., Danimer Scientific Holdings, LLC, Meredian, Inc., Danimer Scientific, L.L.C., Danimer Bioplastics, Inc., and Danimer Scientific Kentucky, Inc., (collectively, the “Borrowers”) and the other loan parties party thereto from time to time, entered into an asset-based Credit and Security Agreement (the “Credit Agreement”) with the financial institutions party thereto from time to time (the “Lenders”) and ABL OPCO LLC (d/b/a Mountain Ridge Capital) in its capacity as administrative agent for the Lenders (together with its successors and assigns in such capacity, the “Administrative Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/0000950170-24-046460-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"ABL OPCO LLC (d/b/a Mountain Ridge Capital)"},{"label":"Value","value":"$20,000,000"},{"label":"Effective","value":"2024-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}