• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    TerraNova Capital Equities announces three transactions totaling $45 Million

    11/20/24 10:30:00 AM ET
    $DNMR
    $INUV
    Major Chemicals
    Industrials
    Advertising
    Consumer Discretionary
    Get the next $DNMR alert in real time by email

    NEW YORK, Nov. 20, 2024 /PRNewswire/ -- TerraNova Capital Equities, inc. (TerraNova), a leading financial advisory firm, is pleased to announce that its Structure Finance Group acted as sole advisor on three recent transactions:

    (PRNewsfoto/Terranova Capital Equities, INC.)

    TerraNova Structured Finance Group acted as the sole advisor to Danimer Scientific, Inc. (NYSE:DNMR) on a $20 Million revolving credit facility.

    TerraNova is pleased to announce its role as the exclusive advisor to Danimer Scientific in securing a strategic ABL agreement with Mountain Ridge Capital.  This $20 million facility, collateralized by the Company's accounts receivable and inventory, will provide critical financing to support Danimer's continued growth, enhancing its position as a leader in the renewable plastics industry.

    TerraNova Structured Finance Group acted as the sole advisor to Inuvo, Inc.  (NYSE:INUV) on a $10 Million financing.

    TerraNova acted as the sole advisor on a $10 Million financing for Inuvo, a leading marketing technology provider. This new financing, arranged with SLR Digital, is aimed at supporting Inuvo's continued growth and operations, accelerating the adoption of its large language generative artificial intelligence, which enables audience discovery and targeting for its clients without consumer tracking.

    TerraNova Structured Finance Group acted as sole placement agent for a $15 Million lender finance facility for Flow Capital Corp.

    This lender finance facility provides Flow Capital with additional capacity for their successful venture debt portfolio.  Acting as sole placement agent, TerraNova was able to source cost effective financing, while maintaining generous leverage for our client.

    "I am very proud of what John Burns, head of our ABL effort, has accomplished over the past few months" stated Todd Coffin, Senior Managing Director of TerraNova, "He has increased both the volume and quality of financings being completed for TerraNova's clients in the ABL sector."

    "Our focus on public companies, as well as private companies with quality reporting, along with our continual refinement of our underwriting standards has generated broader options for our clients and faster growth for TerraNova in the ABL sector", stated John Burns, Director of the ABL program.

    About TerraNova Structured Finance:

    TerraNova's Structured Finance Group focuses on debt financing and capital structure advice for middle market companies requiring refinancing, growth capital, lines of credit and structured and flexible debt facilities.  The bankers in the Structured Finance Group have decades of experience in financing middle market transactions, providing debt structures that meet the needs and pricing requirements of their clients in a timely manner. For further information, please visit our website: www.terracap.com.

    CONTACT: John Burns, [email protected]

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/terranova-capital-equities-announces-three-transactions-totaling-45-million-302311690.html

    SOURCE TerraNova Capital Equities, Inc.

    Get the next $DNMR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • What was one of the recent transactions that TerraNova Capital Equities was involved in?

      TerraNova Capital Equities acted as the sole advisor to Danimer Scientific, securing a $20 million revolving credit facility.

    • What was the purpose of the $10 million financing for Inuvo, Inc. arranged by TerraNova?

      The financing was aimed at supporting Inuvo's growth and operations, particularly in the adoption of generative artificial intelligence for audience targeting without consumer tracking.

    • What role did TerraNova play in the financing for Flow Capital Corp.?

      TerraNova acted as a sole placement agent for Flow Capital Corp.'s $15 million lender finance facility, aimed at increasing their venture debt portfolio capacity.

    • What is the primary focus of TerraNova's Structured Finance Group?

      Their focus is on providing debt financing and capital structure advice for middle market companies, especially in refinancing, growth capital, and flexible debt facilities.

    • What accomplishment of John Burns is highlighted in the announcement?

      John Burns increased the volume and quality of financings completed for clients in the Asset-Based Lending (ABL) sector.

    Recent Analyst Ratings for
    $DNMR
    $INUV

    CompanyDatePrice TargetRatingAnalyst
    Danimer Scientific Inc.
    $DNMR
    11/21/2024$40.00 → $5.50Hold
    TD Cowen
    Danimer Scientific Inc.
    $DNMR
    11/20/2024$40.00 → $4.00Neutral → Underweight
    Piper Sandler
    Danimer Scientific Inc.
    $DNMR
    8/13/2024$2.00 → $1.00Buy → Hold
    TD Cowen
    Danimer Scientific Inc.
    $DNMR
    5/22/2024$1.30 → $0.80Buy → Hold
    Jefferies
    Danimer Scientific Inc.
    $DNMR
    4/9/2024$3.50 → $1.25Overweight → Neutral
    Piper Sandler
    Danimer Scientific Inc.
    $DNMR
    10/12/2022$4.50Overweight
    Piper Sandler
    Inuvo Inc.
    $INUV
    2/10/2022$1.25Buy
    Maxim Group
    Danimer Scientific Inc.
    $DNMR
    9/23/2021$21.00Outperform
    Cowen
    More analyst ratings