8-K
filed May 7, 2024, 7:59 PM ET
CIK 0001365916
other material
confidence high
sentiment negative
materiality 1.00
AMYRIS, INC.: debt financing — Amyris emerges from Chapter 11; all existing shares cancelled
AMYRIS, INC.
- Plan effective May 7, 2024; all outstanding common stock cancelled; holders receive nothing.
- DIP lender received 100% of new common stock in exchange for $20M of DIP claims.
- Exit First Lien Facility of up to $160M executed; $30M DIP rolled into new facility.
- All prior directors resigned; John Doerr and Ryan Panchadsaram appointed as directors.
- Company plans to deregister securities under Section 12(g) and suspend reporting.
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
AMYRIS, INC. incurred credit facility of $160 million with Euagore, LLC.
- Instrument
- credit facility
- Principal
- $160 million
- Counterparty
- Euagore, LLC
- Event
- incurrence
Exact text from the filing
the Lenders agreed to make available to the Borrowers loans in an aggregate principal amount of up to $160 million, excluding the $30 million principal portion of the Company’s outstanding DIP Facility that is amended and restated, rolled-over into and assumed as part of the Exit First Lien Facility.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Doerr was appointed as director at AMYRIS, INC..
- Action
- became
- Role
- director
Exact text from the filing
Pursuant to the Plan, John Doerr and Ryan Panchadsaram became directors of Reorganized Amyris.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Panchadsaram was appointed as director at AMYRIS, INC..
- Action
- became
- Role
- director
Exact text from the filing
Pursuant to the Plan, John Doerr and Ryan Panchadsaram became directors of Reorganized Amyris.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AMYRIS, INC. entered into Amended and Restated Loan Agreement (Exit First Lien Facility) with Euagore, LLC valued at up to $160 million aggregate principal amount (effective 2024-05-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Euagore, LLC
- Value
- up to $160 million aggregate principal amount
- Effective
- 2024-05-07
Exact text from the filing
the Company, AB Technologies LLC, and Aprinnova, LLC (collectively, the “ Borrowers ”), and certain other subsidiaries of the Company (the “ Guarantors ”) entered into an Amended and Restated Loan Agreement (the “ Exit First Lien Facility ”), dated as of the Effective Date (as amended, restated, supplemented or otherwise modified from time to time), by and among the Borrowers, Guarantors, each lender from time to time party thereto (the “ Lenders ”) and Euagore, LLC, an affiliate of Foris Ventures LLC, in its capacity as administrative agent.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMYRIS, INC. terminated DIP Credit Agreement with Euagore, LLC valued at DIP Credit Agreement was amended and restated as part of the Exit First Lien Facility, outstanding p (effective 2024-05-07).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Euagore, LLC
- Value
- DIP Credit Agreement was amended and restated as part of the Exit First Lien Facility, outstanding p
- Effective
- 2024-05-07
Exact text from the filing
On the Effective Date, (x) the DIP Credit Agreement was amended and restated as part of the Exit First Lien Facility described below such that the outstanding principal amount due on the DIP Facility was reduced to $30 million and (y) $20 million of the DIP Facility Claims were converted into 100% of the New Common Stock of Reorganized Amyris.
View on SEC.gov
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