Meyer Burger secures $72.8M loan update for ongoing operations

Switzerland’s Meyer Burger updated its $72.8M bridge loan, increasing funding and extending maturity beyond 2025 to support financial stability and ongoing operations.

By Prudhvi Rani 11 Mar 2025 in Business Bytes EMEA Bytes

New Update

Meyer Burger’s loan amendment increased total funding to $72.8 million, enabling an immediate $5.6M draw and a conditional $7.8M tranche. Image Source: MeyerBurgerTechnologyAG

Switzerland-based Meyer Burger Technology AG, a global photovoltaics firm, announced that it has amended its loan agreement. The agreement was originally provided by a group of bondholders and first disclosed on December 6, 2024. The amendment increased the total funding by $33.32 million, bringing the total loan amount to $72.8 million. It also extended the repayment timeline beyond the initial deadline. Previously, On December 6, 2024, Meyer Burger secured a $39.48 million bridge loan. This included an initial tranche of $19.7 million and had a maturity date of January 17, 2025. The revised agreement allows an immediate draw of $5.6 million. An additional tranche of $7.8 million is available under specific conditions.

#Switzerland #SolarFinancing #BridgeLoan #MeyerBurgerTechnologyAG

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