Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
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Meyer Burger bondholders approve changes to bonds for capital injection, helping the Swiss solar firm amid market challenges and contract terminations.
(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.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Alan Barona)
Meyer Burger's bondholders approved changes to convertible bonds maturing in 2027 and 2029 to inject fresh capital into the company.
Meyer Burger has faced challenges such as the termination of contracts by its largest customer, DESRI, and market distortions due to production overcapacity in China.
The company has suffered from market distortion caused by production overcapacity in China and trade restrictions imposed by India and the United States.
The bondholder approval is significant as it allows Meyer Burger to secure fresh capital, which is crucial for its survival amidst ongoing financial challenges.
Meyer Burger is one of the few remaining European solar panel makers after the market was saturated with cheaper imports from China.
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