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Meyer Burger bondholders approve changes for fresh capital injection
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Meyer Burger bondholders approve changes for fresh capital injection
Feb 26, 2025 11:19 AM

Feb 26 (Reuters) - Embattled Swiss solar panel maker Meyer Burger said on

Wednesday its bondholders have approved changes to convertible bonds maturing in 2027 and 2029

to inject fresh capital into the business and restructure existing liabilities under certain

convertible bonds.

Meyer Burger is one of the few European solar panel makers left after the market was

saturated with cheaper Chinese imports.

In November last year, the Swiss firm raised doubts about its future after its largest

customer, DESRI, terminated contracts. This followed a series of other setbacks for the

company.

Meyer Burger previously said it has suffered from market distortion caused by production

overcapacity in China and trade restrictions imposed by India and the United States.

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