BDC Capital provides $10 mln loan for BioAmber's Sarnia plant
Canadian renewable chemicals company BioAmber Inc (NYSE: BIOA) has secured a $10 million loan from BDC Capital. The loan, which does not contain any convertible features or warrants, will provide working capital for the company's bio-based succinic acid plant in Sarnia, Ontario. The plant, which opened last year, is a joint venture with Mitsui & Co. Founded in 2008, Montréal-based Bioamber was venture-backed before going public in 2013.
27 April 2016•4 mins read
