MONTREAL, April 26, 2016 /CNW Telbec/ - BioAmber Inc. (NYSE: BIOA), a leader in renewable materials, today announced that its Canadian subsidiary BioAmber Sarnia Inc., a joint venture with Mitsui & Co., has secured a CAD$10 million loan from BDC Capital (BDCC), a wholly owned subsidiary of Business Development Bank of Canada (BDC). The loan does not contain any convertible features or warrants, and is subject to the completion of certain customary conditions. The details of the loan have been disclosed in a filing with the Securities and Exchange Commission on Form 8K. "This loan will strengthen the balance sheet and increase the working capital of our Sarnia operating company while establishing a business relationship with BDC, an important Canadian lending institution", said Mario Saucier, BioAmber's Chief Financial Officer. "Our ability to obtain such a loan speaks to the strong business case of our Sarnia plant, which is now in operation.