Brief: Meyer Burger Technology Secures $39.48 Mln Bridge Financing

Meyer Burger Technology AG

06/12/2024 05:49

Dec 6 (Reuters) - MEYER BURGER TECHNOLOGY AG  MBTN.S :
    * SECURES USD 39.48 MILLION BRIDGE FINANCING TO STABILIZE
BUSINESS
AND PROVIDE LIQUIDITY RUNWAY AS NEGOTIATIONS WITH DESRI AND
BONDHOLDERS PROGRESS
    * IN ADVANCED DISCUSSIONS WITH DESRI CONCERNING A NEW
OFFTAKE
ARRANGEMENT
    * AIMING TO REACH A FINAL AGREEMENT ON REVISED TERMS THIS
MONTH
    * INITIAL TRANCHE OF USD 19.7 MILLION IS EXPECTED TO BE
DRAWN
IMMEDIATELY
    * DRAWDOWNS UNDER REMAINING TRANCHES ARE CONDITIONAL UPON
ADDITIONAL MILESTONES HAVING BEEN MET
    * HAS APPOINTED ALVAREZ & MARSAL AS RESTRUCTURING ADVISOR

Source text:  ID:nEQ2PwDvYa 
Further company coverage:  MBTN.S 

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