Renewable chemicals company Amyris Inc. in late December announced an agreement to sell senior convertible promissory notes in a private placement for $28 mln in cash proceeds. Under the terms of the agreement, one of Amyris' largest stockholder-Temasek-in conjunction with new investors affiliated with Wolverine Asset Management, agreed to purchase an aggregate $28 mln of those notes. Temasek's participation will complete its commitment to purchase notes under the company's previously announced two-stage convertible note placement.
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