Published on January 20, 2025 at 12:20 p.m. / Modified on January 20, 2025 at 1:56 p.m.
2 mins. reading
Meyer Burger continues its efforts to get its head above water. The firm has obtained additional financial resources. The solar module manufacturer, in great difficulty, managed to extend and increase bridging financing, according to a press release published this weekend. The latter expired last Friday and the company now has until February 14 to stabilize its situation.
The new agreement increases the total amount of bridge financing from around 40 million to 59.5 million dollars (53.80 million francs at current prices). In detail, the transaction allows the firm to immediately obtain a tranche of $11.2 million. It also provides two conditional tranches of up to $22.4 million, cash that the company urgently needs.
Want to read all of our articles?
For CHF 29.- per month, enjoy unlimited access to our articles, without obligation!
-I subscribe
Good reasons to subscribe to Le Temps:
- Unlimited access to all content available on the website.
- Unlimited access to all content available on the mobile application
- Sharing plan of 5 articles per month
- Consultation of the digital version of the newspaper from 10 p.m. the day before
- Access to supplements and T, the Temps magazine, in e-paper format
- Access to a set of exclusive benefits reserved for subscribers
Already have an account?
Log in
Swiss
Related News :