This Dutch company, specialised in renewable and circular polymer materials, reached a conditional agreement with its Lenders to extend and amend its existing Senior Debt Financing Agreement.

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Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, announced a conditional agreement with its lenders — ABN AMRO, ASN, ING, Invest-NL, and Rabobank to extend and amend its Senior Debt Financing Agreement.

The announcement comes a few days after securing €10M senior debt financing from Invest-NL to meet short-term liquidity requirements.

The agreement is also linked to a planned equity raise scheduled for September 2025.

The Dutch company will now publish its Half-Year 2025 results in September, along with the equity prospectus, instead of the previously planned date of August 13.

Avantium aims to secure a comprehensive funding package, combining government investments, equity and amended debt terms, to finance its path to profitability.

Planning to raise equity in 2025

Avantium plans to launch an equity raise in September 2025. The Dutch company has received conditional support from Invest-NL to underwrite the equity raise.

The company is also in talks with several financial institutions and investors to secure more underwriting and pre-commitment support.

After completing the equity raise, Avantium will cancel the remaining €14.1M debt commitment from the lenders in exchange for significantly improved terms.

These new terms are designed to enhance long-term cash preservation by offering substantially lower interest rates and reducing repayment obligations.

The key amendments include:

  • Extension of the loan maturity date to 30 June 2028 (from 31 March 2026).
  • Lower interest rates, with part of the cash interest converted to payment-in-kind, subject to key milestones.
  • Issuance of warrants connected to the extension of the loan maturity, with a value of approximately €2.5M, with the warrant price calculated based on the 30-day VWAP of Avantium’s shares ending on 12 August 2025.

Earlier this year, the company announced its intention to raise €40M through a share issue, but that process has not yet been completed.

Avantium: Commercialising innovative chemistry technologies

Founded in 2000 by Claude Stoufs, Avantium is a commercial-stage company specialising in renewable and circular polymer materials.

It develops and commercialises technologies to produce materials from sustainable carbon feedstocks, such as biomass and CO2.

It’s leading YXY Technology converts plant-based sugars into FDCA (furandicarboxylic acid), the key component of the sustainable plastic PEF.

The Amsterdam company has demonstrated this technology at its pilot plant in Geleen, Netherlands.

The company also offers R&D solutions in sustainable chemistry and catalyst testing.