Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) successfully raised long-term capital in an amount of CHF 110 million through the issuance of a Swiss Franc denominated straight bond today. The bond has a coupon of 5 per cent payable annually and matures in 5 years (maturity date 24 May 2017). A bank syndicate consisting of Zürcher Kantonalbank, Credit Suisse and UBS Investment Bank offered the bond issue to institutional and private investors.
The proceeds of the bond will primarily be used to finance Meyer Burger’s strategy in research and development. In addition, proceeds will be used for investments in conjunction with the integration of Roth & Rau, the focussing on one location from different sites in Thun and for general corporate purposes. The payment date for the bond is expected to be 24 May 2012. Application will be made for provisional admission to trading of the bond on the SIX Swiss Exchange as of 22 May 2012.
For further information please contact:
Media
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
werner.buchholz@meyerburger.com
Analysts / Investors
Simon Grunder
Group Treasurer
Tel +41 (0) 33 439 07 12
simon.grunder@meyerburger.com
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger Technology Ltd is a leading global technology group. With its innovative systems and production equipment, Meyer Burger creates sustainable added value for customers in photovoltaics (solar industry), in the semiconductor and optoelectronic industries as well as other selected industries which focus on semiconductor materials. The Group currently employs more than 2,500 people across three continents. In its core business – photovoltaics – customers rely on comprehensive solutions and complementary technologies along the entire value chain including the manufacturing processes for wafers, solar cells, solar modules and solar systems.
The Group’s core competences encompass a broad range of production processes, machines and systems that are used for the production of ultra-thin, high quality wafers, for the inspection and measurement of solar cells, for laminating, soldering and testing of solar modules and for building-integrated solar systems. With the acquisition of Roth & Rau AG, with its cutting-edge products and technologies for the next generation of crystalline silicon solar cells, Meyer Burger Group is further expanding its market leadership along the entire photovoltaic value chain.
Meyer Burger Group is a full line system provider who covers all of the most important technology elements along the photovoltaic value chain from crystalline silicon to complete solar systems. A worldwide service network including spare parts, consumables, re-grooving services, process know-how, customer support, after-sales services, training and other services completes the comprehensive product portfolio. 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, Norway, Switzerland, Singapore, Spain, Taiwan and the USA. The company relies on selected independent agents in other important markets. The registered shares of Meyer Burger Technology Ltd are listed on SIX Swiss Exchange (Ticker: MBTN).
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
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