Homburger advised Meyer Burger Technology AG on the issuance of green senior unsecured guaranteed convertible bonds due 2029 in the amount of EUR 216.3 m
On May 17, 2023, Meyer Burger Technology AG (SIX: MBTN) (Meyer Burger) successfully issued green senior unsecured guaranteed convertible bonds due 2029 in the aggregate amount of EUR 216.3 m. The bonds were placed in a private placement with a coupon of 3.75% per annum. The bonds are issued by Meyer Burger’s subsidiary MBT Systems GmbH and guaranteed by Meyer Burger.
With the net proceeds from the issue of the bonds, Meyer Burger primarily intends to finance and/or refinance investments in Eligible Green Projects as defined by Meyer Burger’s Green Financing Framework, including material and equipment sourcing and the ramp up of module and cell production in response to the expected acceleration of solar energy expansion.
Homburger AG acted as legal counsel to Meyer Burger on this transaction. The Homburger team was led by Dieter Gericke (Corporate / M&A, Capital Markets) and Benjamin Leisinger (Capital Markets) and included Stefan Oesterhelt (Tax), Eduard De Zordi and Daniel Hulmann (both Capital Markets) and Estelle Piccard (Corporate / M&A, Capital Markets).