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Meyer Burger Technology AG

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Ad hoc news News vom 18.03.2015

Meyer Burger announces extension of the loan secured by mortgage certificates and the loan agreement until end of April 2017.
 
Meyer Burger
 

Press Release

Thun, 18 March 2015

 

Meyer Burger announces extension of the loan secured by mortgage certificates and the loan agreement until end of April 2017.

 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it has successfully extended the agreement on its loan secured by mortgage certificates of CHF 30 million (for the building in Thun), which was concluded in 2013, with the existing banking syndicate for another two years until the end of April 2017.

 

Furthermore, the CHF 150 million loan agreement concluded in April 2011 with the same banking syndicate to fund acquisitions and working capital, which was due to expire in April 2015, was adapted and extended. The renegotiated loan facility was changed as proposed by the company to suit its needs and amounts to a guarantee limit of CHF 90 million. The new loan agreement will also run until the end of April 2017. 

 

 

 

Contact:

 

Michel Hirschi

Chief Financial Officer

Phone +41 33 221 28 00

ir@meyerburger.com

 

 

Werner Buchholz

Head of Corporate Communications

Phone +41 (0)33 221 25 06

werner.buchholz@meyerburger.com