Advestra in the placement of Meyer Burger EUR 145 m bonds
Meyer Burger successfully placed newly issued shares raising gross proceeds of CHF 80 million and EUR 145 million green guaranteed senior unsecured convertible bonds. The bonds were issued by a German subsidiary and guaranteed by Meyer Burger Technology. The convertible bonds are convertible into shares of Meyer Burger Technology. The use of proceeds of the green convertible bonds will be used in accordance with Meyer Burger’s green financing framework which is established in accordance with the ICMA Green Bond Principles.
Advestra acted as legal counsel to Goldman Sachs, Jefferies and ZKB in a combined offering on the placement of Meyer Burger shares. The team included Annette Weber (pictured), Sandro Fehlmann, Thomas Reutter, Annina Hammer and Anna Capaul (all capital markets) and Markus Mühlemann (tax).
The bond’s settlement and payment date is expected to be on or about July 8, 2021. The bonds will not be listed or admitted to trading on the SIX Swiss Exchange or any other trading venue and no application has been made for listing or admission to trading. An application to list and trade the bond can be made at a later date.