Meyer Burger Technology AG successfully completes concurrent private placement of over 155m newly issued shares and EUR 145m convertible bonds
Niederer Kraft Frey advised Meyer Burger Technology AG on the concurrent private placement of over 155 million newly issued registered shares with a nominal value of CHF 0.05 per share and EUR 145 million green senior unsecured guaranteed convertible bonds due 2027 by way of accelerated book building process.
For over 20 years, Meyer Burger Technology AG has been a pioneer in the development of photovoltaics along the entire value chain. Meyer Burger is pursuing a vision of emission-free energy generation from sunlight and its Green Financing Framework mainly covers projects related to the manufacture of products and key components that are essential for renewable energy technologies (solar PV panels). The company is listed on the SIX Swiss Exchange and currently employs around 600 people at research facilities in Switzerland, development and manufacturing sites in Germany and sales offices in Europe, the USA and Asia. The proceeds from the offerings will provide Meyer Burger with additional financial flexibility to accelerate its ongoing transformation to a leading European manufacturer of solar cells and solar modules.
The NKF Team was led by Corporate and Capital Markets partner Philipp Haas, working with senior associates Deirdre Ní Annracháin and Julia Tolstova (both Corporate and Capital Markets).