22 December 2016 I Deals and Cases

Bär & Karrer Advises Joint Bookrunners on the Recapitalization Program of Meyer Burger Technology

On 20 December 2016, Meyer Burger Technology AG completed a rights offering as part of a recapitalization program. The recapitalization program consisted of three pillars: the amendments of the terms and conditions of the outstanding convertible bonds approved in a bondholder meeting (subject to the approval of the High Court of the Canton of Berne), a capital increase by way of a rights offering in the amount of approximately CHF 164 million, and the extension and amendments of existing bank credit facilities. With the completion of the rights offering, the recapitalization program was (subject to the approval of the High Court of the Canton of Berne) successfully implemented. Credit Suisse AG and UBS AG acted as Joint Bookrunners and financial advisors in this recapitalization program.

Bär & Karrer acted as legal advisor to Credit Suisse and UBS for the recapitalization program. The team included Thomas Reutter, Roland Truffer, Daniel Raun, Annette Weber, Silvio Grunder, Michael Schneitter and Matthias Haberstig (all Corporate / Capital Markets) as well as Susanne Schreiber and Cyrill Diefenbacher (both Tax).