---
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"
generated_at: "2026-06-03T14:14:29.580766+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Danimer Scientific enters $20M asset-based credit facility with Mountain Ridge Capital

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-046460
- form_type: 8-K
- cik: 0001779020
- company_name: Danimer Scientific, Inc.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046460
- JSON: https://secwatch.observer/filing/0000950170-24-046460.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046460.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $20,000,000
  - Counterparty: ABL OPCO LLC (d/b/a Mountain Ridge Capital)
  - Rate: SOFR market index rate plus an applicable margin of 7.0%
  - Maturity: April 19, 2027
  - Event: incurrence
  source text: The Credit Agreement provides for borrowings under a revolving commitment of $20,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/0000950170-24-046460-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: ABL OPCO LLC (d/b/a Mountain Ridge Capital)
  - Value: $20,000,000
  - Effective: 2024-04-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1779020/000095017024046460/0000950170-24-046460-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.