Case filing & court posture: DSI Winddown, Inc. (formerly Danimer Scientific, Inc.) and its affiliates filed for Chapter 11 on March 18, 2025, in the U.S. Bankruptcy Court for the District of Delaware (Case No. 25-10518). Dkt. 1 Judge Mary F. Walrath presides over the jointly administered cases.
Liquidity & financing path: The debtors secured a $15 million DIP facility from Jefferies Finance LLC and other lenders, including $3 million in new money and a $12 million roll-up of prepetition super senior bridge financing. Dkt. 76 The court granted interim authorization on March 21, 2025, followed by final approval. Dkt. 195
Restructuring outcome: The debtors pursued an asset sale process and sold substantially all assets to Teknor Apex Company for $19 million. Dkt. 337 The sale closed on May 30, 2025.
Plan effective date & post-confirmation: The court confirmed the Debtors' Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation on July 18, 2025. Dkt. 472 The plan became effective on July 25, 2025. A liquidating trustee was appointed to administer the wind-down estates.
Current status: The cases remain open under post-confirmation administration with the liquidating trustee managing claims reconciliation and distributions. The debtors have been renamed to DSI Winddown, Inc. to reflect their post-effective liquidation status.
