Amyris closes on $36 million term loan and additional accordion facility : Biofuels Digest

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In California, Amyris, Inc. has closed on a $36 million term loan with Great American Capital Partners, LLC, a subsidiary of B. Riley Capital Management, LLC, an SEC Registered Investment Advisor and wholly-owned subsidiary of B. Riley Financial, Inc.

Cash from the term loan will be used to pay off the company’s Stegodon and other short-term debt maturities. The term loan also includes an additional $35 million accordion credit facility that provides Amyris with another option for financing construction of its production facility, if necessary.

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