Dec 6 (Reuters) - Swiss solar panel maker Meyer Burger

said on Friday it has secured nearly $40 million in

bridge financing to stabilize its business after its largest

customer, DESRI, said last month it was pulling out.

Meyer Burger said it expects to draw an initial tranche of

$19.7 million from the facility immediately, with drawdowns on

the remaining tranches conditional on the company reaching

additional milestones.

The company added that it has been in discussions with DESRI

on the terms of a new agreement, with further drawdown of its

bridge financing linked to a successful deal.

(Writing by Miranda Murray

Editing by Dave Graham)