Amyris secures $35 million bridge loan from existing investor

In California, Amyris has secured a $35 million bridge loan at 5.5% interest from current investor Maxwell (Mauritius) Pte. The promissory note matures on February 2. The annual percentage rate is equivalent to 16.5% but should the company default on the note, the interest rate goes to 2% per month or 24% per year.