Amyris to conduct $60 million private placement of convertible notes

Company will sell notes to Total Energies Nouvelles Activites, Temasek

By Devika Patel

Knoxville, Tenn., Aug. 8 - Amyris, Inc. said it will raise $60 million by selling senior convertible promissory notes. The investors will invest $35 million initially, then $25 million in a second tranche.

Total Energies Nouvelles Activites USA will participate for about $7.6 million in the first tranche and $5.4 million in the second tranche. Temasek will also participate.

Amyris is an integrated renewable products company based in Emeryville, Calif.

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