Amyris (AMRSQ) just unveiled an update.
AB Technologies LLC and its subsidiaries have successfully restructured their debt through an amended loan agreement, obtaining up to $160 million while incorporating a $30 million principal from their preexisting DIP Facility. As part of the reorganization, the company has issued new common stock to DIP Facility claim holders and has begun deregistering its securities to streamline operations post-restructuring. This move aims to satisfy existing obligations and marks a new chapter for the company’s financial management.
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