IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Industrial Biotech

Amyris hits milestone, raises $28 million

10:13 AM MST | December 31, 2013 | Rebecca Coons

Amyris (Emeryville, CA), a leading renewable chemicals and fuels company, announced last week that it will sell senior convertible promissory notes in a private placement for $28 million in cash proceeds. Under the terms of an agreement, one of Amyris's largest stockholders, Temasek, in conjunction with new investors affiliated with Wolverine Asset Management, agreed to purchase an aggregate $28 million of the notes. Temasek's participation will complete its commitment to purchase notes under the Amyris's previously announced two-stage convertible note placement...

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