Mynaric Expands Loan Capacity by $20 Million to Support Growth

Mynaric AG, a pioneer in laser communication technology, announced a significant expansion in their borrowing capacity under an existing loan agreement. The Munich-based company, which is also listed on NASDAQ and the Frankfurt Stock Exchange, has increased its borrowing limit from $75 million to $95 million. This amendment was made possible through an agreement with U.S.-based lenders, affiliated with a global investment management firm, utilizing a delayed draw facility that mirrors the terms of the current loan arrangement.

This financial maneuver is designed to bolster Mynaric USA Inc., a wholly-owned subsidiary of Mynaric AG, by enhancing its liquidity. Positioned to be accessible until September 2025, the additional $20 million under the expanded loan agreement promises to support the firm’s working capital needs and other general corporate expenditures. Importantly, the loan continues to be secured against the assets of the borrower and its guarantors, bearing the same interest rate and repayment conditions as the existing loan facility.

This strategic financial planning underscores Mynaric's commitment to reinforcing its operational capacities to meet the rising demand in the laser communication sector. With the added liquidity, Mynaric aims to navigate the complexities of its business landscape more effectively, ensuring a steady flow of resources to maintain and accelerate its growth trajectory.