IHS Chemical Week

People & Business :: Earnings/Finance

Dyadic extends debt maturity dates

1:23 PM MDT | October 21, 2013 | Rebecca Coons

Enzymes maker Dyadic International (Jupiter, FL) announced today that it has entered into agreements with all of its outstanding promissory note holders to extend their maturity dates to 1 January 2015.  The convertible portion of the debt, representing $6.8 million of the total $8.2 million outstanding principal, may be prepaid by Dyadic at any time in whole or in part, without penalty, after 31 March  2014 with 30 days notice.  In all other respects, the terms and conditions of these promissory notes remain unchanged and in full force and effect...

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