Meyer Burger Expands Bridge Facility

Meyer Burger Technology AG has announced an amendment to its bridge facility agreement, increasing the overall amount to USD 72.8 million. This adjustment enables Meyer Burger to draw an immediate tranche of USD 5.6 million with a potential for an additional USD 7.8 million, contingent on specific conditions. The extension of the facility is set beyond March 10, 2025, with further extensions requiring unanimous approval from the bondholder group.

As part of its strategic M&A process, Meyer Burger is engaging with select parties for fully financed binding proposals. The company will assess proposals based on value and financing capabilities. This move aligns with Meyer Burger's aim to bolster its financial positioning amidst ongoing strategic endeavors.