Amyris, a developer and producer of sustainable ingredients for the health and wellness, clean beauty and flavors and fragrances markets, closed on a $36 million term loan with Great American Capital Partners (GACP), a subsidiary of B. Riley Capital Management.
Cash from the term loan will be used to pay off the company’s Stegodon and other short-term debt maturities. The loan includes an additional $35 million accordion credit facility that provides Amyris with another option for financing construction of its production facility, if necessary.
“We are pleased with the support GACP has provided in enabling us to resolve our near-term debt, and we now have no other significant debt issues to resolve through the rest of the year,” said John Melo, president and CEO of Amyris.
“Our industry experience combined with our ability to develop a flexible financing strategy enables us to help companies like Amyris continue to focus and pursue growth opportunities for their business,” said John Ahn, president of GACP.
Great American Capital Partners originates and underwrites senior secured loans across a wide array of industries and is dedicated to providing opportunistic and responsive capital to the under-served middle market.
