|
Amyris said it has secured a $190 million financing commitment
to support day-to-day operations, adding that its entities
outside the U.S. are not included in the bankruptcy proceedings.
In a filing with the Delaware bankruptcy court, the company
listed estimated assets in the range of $500 million to $1
billion and liabilities in the range of $1 billon to $10
billion.
"Restructuring is intended to improve the Company's cost
structure, capital structure, and liquidity position while
streamlining Amyris' business portfolio to focus on its core
competencies in R&D...," the company said.
In June, Amyris said it was cutting jobs to reduce costs and
appointed Han Kieftenbeld as new interim CEO, following the
resignation of John Melo.
Amyris had also initiated a "strategic transformation program"
in June and secured a term loan facility of up to $50 million.
(Reporting by Juby Babu in Bengaluru; Editing by Rashmi Aich)
[© 2023 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
