BioAmber Inks $25M Debt Financing for Ontario Project
BioAmber Inc. (NYSE and EURONEXT Paris: BIOA), a company focused on converting renewable feedstock into chemicals, has closed a US$25 million term loan with U.S. specialty finance firm Hercules Technology Growth Capital. The debt facility will provide capital needed to construct and start a 30,000 metric ton bio-succinic acid facility in Sarnia, Ontario. The venture-backed BioAmber, which has offices in Montréal and Minneapolis, Minnesota, raised US$71.9 million from its initial public offering in May 2013.
19 July 2013•3 mins read
