Meyer Burger has entered into a new secured bridge loan facility with certain existing bondholders in a committed amount of up to USD 39.48 million
Bridge loan facility provides a stable platform, reflecting strong support from certain of Meyer Burger’s existing bondholders, and provides liquidity runway to finalize an agreement for a sustainable restructuring solution
Meyer Burger is in advanced discussions with DESRI concerning a new offtake arrangement on updated terms from the original master supply agreement. Meyer Burger is aiming to reach a final agreement on the revised terms this month
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