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Meyer Burger Recapitalization Plan Finalized

Published: 09 March 2017
 by Mike Buetow

GENEVA, SWITZERLAND -- Meyer Burger Technology today announced the expiration of an appeal period regarding a Swiss court verdict to recapitalize the company.

The Jan. 20 decision by High Court of the Canton of Berne has become final after expiry of the appeal period. The verdict approved the amendments of the conditions for the CHF 100 million ($98.6 million) convertible bond as previously approved by the bondholders’ meeting on 25 November 2016.

With the legal validity of the verdict, the recapitalization program of Meyer Burger is finally and successfully completed, the company said in a press release. The effective date for the adjustments of the conditions of the convertible bond is Mar. 17.

Meyer Burger makes inkjet production printers for solder mask application.

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