Meyer Burger Extends Bridge Facility, Seeks Approval to Defer Interest Payments

Meyer Burger Technology AG has announced an extension of its bridge facility agreement with an ad hoc group of bondholders. Initially established on December 6, 2024, the maturity date for this facility is now extended to February 28, 2025. Further extensions are possible with unanimous consent from the bondholders. This move aims to provide the company with greater financial flexibility.

Simultaneously, MBT Systems GmbH, a subsidiary of Meyer Burger, is convening meetings for holders of its 2027 and 2029 convertible bonds. The purpose of these meetings is to seek approval for deferring unpaid bond interest payments. Payments initially due on February 25 and February 28, 2025, may be postponed to March 31, 2025. This strategy intends to manage interest cash flow better while ensuring the firm's operational stability.