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.
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.
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