Danimer Scientific, Inc.: debt financing — Danimer Scientific enters forbearance on defaulted $14.9M senior note; term loan accelerated

Danimer Scientific, Inc.

Senior Secured Note defaulted; $14.9M owed; forbearance until March 1, 2025.
Interest rate on Senior Secured Note increased from 15% to 17% per annum.
Term Loan (~$133.5M) accelerated by lenders; 180-day standstill on enforcement.
Company paid payees' legal and financial advisory costs for forbearance agreement.

item 1.01 item 2.04 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Danimer Scientific, Inc. faced acceleration on term loan of approximately $133.5 million with Required Lenders.

Instrument: term loan
Principal: approximately $133.5 million
Counterparty: Required Lenders
Event: acceleration

Exact text from the filing

the Standstill Period. As of the receipt of the Term Loan Notice of Acceleration, the aggregate amount owed under the Term Loan, including accrued interest, was approximately $133.5 million.

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Source: SEC EDGAR

accession 0000950170-25-018029

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