Origin Materials Secures $100 Million Convertible Note Financing with Institutional Investor
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Origin Materials Inc. has secured a $100 million financing deal through senior secured convertible notes with an institutional investor. The notes, issued at a 10% discount and maturing in 30 months, require Origin to maintain $20 million in cash and grant the investor a security interest in most of its assets. This agreement includes specific covenants related to executive positions.
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