Filing Alert: Danimer Scientific Chapter 11

Danimer Scientific, Inc. and its debtor affiliates⁽¹⁾, a Bainbridge, GA-based performance polymer company specializing in bioplastic replacements for traditional petroleum-based plastics, filed for Chapter 11 protection on Mar. 18 in the U.S. Bankruptcy Court for the District of Delaware.

The company reports $622.5 million in assets and $449.5 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-10518.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.

Chapter 11 Debtors

Top Unsecured Claims

Key Parties

Local Counsel:

• Daniel J. DeFranceschi
• Richards, Layton & Finger, P.A.
• Email: defranceschi@rlf.com

General Bankruptcy Counsel:

• Vinson & Elkins L.L.P.

Financial Advisors:

• AlixPartners, LLP

Signatories:

• Stephen Martin – Chief Legal Officer and Corporate Secretary

Claims Agent:

• Stretto, Inc.

Equity Security Holders:

• Cede & Co – 91.4% Equity Interest
• Armistice Capital Master Fund Ltd. – Not Specified
• Stephen E. Croskrey – Not Specified

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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