Amyris Files for Chapter 11 Bankruptcy Protect in Delaware

Amyris and certain of its domestic subsidiaries started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware, it says in a statement.

• Secured commitment of $190 million debtor-in-possession from an entity affiliated with existing lender Foris Ventures
• Planning to exit consumer brands and will begin marketing them for sale
• Its entities outside the US are not included in the proceedings
• Estimated assets are $500m-$1b; estimated liabilities at $1b-$10b, according to separate court filing
• NOTE: in June, Amyris Says Longtime CEO John Melo Has Resigned

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