Candlewood Partners is pleased to announce the successful restructuring of all existing secured debt issued by Mynaric AG (Mynaric) together with arranging a new financing to strengthen the Company’s balance sheet and support the Company as it further scales production.
Mynaric is a US- and European- integrated designer and manufacturer of mission critical laser communications systems for command and communication applications across space, airborne, and terrestrial operations. The Company supports some of the US Government’s most high-profile programs, such as the SDA’s Proliferated Warfighter Space Architecture satellite constellation and serves as a strategic supplier to leading commercial Aerospace & Defense customers.
Candlewood Partners acted as the financial advisor and investment banker to assist the Company in reaching a restructuring deal with the holders of its $105.5M note, as well as raising an incremental €50 million in funding to support the operations of the business going forward.
On May 28, 2025, the restructuring plan proposed by the Company in accordance with the German Corporate Stabilization and Restructuring Act (“StaRUG”) was confirmed by the restructuring court, and became legally effective June 11, 2025.
The transaction results in the following for Mynaric:
This transaction underscores Candlewood’s strength in restructuring advisory and cross-border advisory services and continued success advising clients in the aerospace & defense sector.
Should you wish to learn more, please reach out to the following members of the deal team:
Glenn Pollack
Managing Director
[email protected]
(216) 496-7777
Matt Schuen
Vice President
[email protected]
(269) 569-5342
About Mynaric AG
Mynaric (OTC PINK:MYNAY)(OTC PINK:MOYFF)(FRA:M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
About Candlewood Partners
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.
Candlewood Partners, LLC
Established 2001
