Meyer Burger announces extension of the loan secured by mortgage certificates and the loan agreement until end of April 2017.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it has successfully extended the agreement on its loan secured by mortgage certificates of CHF 30 million (for the building in Thun), which was concluded in 2013, with the existing banking syndicate for another two years until the end of April 2017.
Furthermore, the CHF 150 million loan agreement concluded in April 2011 with the same banking syndicate to fund acquisitions and working capital, which was due to expire in April 2015, was adapted and extended. The renegotiated loan facility was changed as proposed by the company to suit its needs and amounts to a guarantee limit of CHF 90 million. The new loan agreement will also run until the end of April 2017.
Contact:
Michel Hirschi
Chief Financial Officer
Phone +41 33 221 28 00
ir@meyerburger.com
Werner Buchholz
Head of Corporate Communications
Phone +41 (0)33 221 25 06
werner.buchholz@meyerburger.com
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading global technology Group specialising on innovative systems and processes based on semiconductor technologies. The Group’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The Group currently employs more than 1,700 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.
The Group’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.
The Group’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger Group is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The Group is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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