EQS-News: Lenzing AG / Key word(s): Financing
Lenzing AG places new hybrid bond of EUR 500 million
03.07.2025 / 14:39 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing AG places new hybrid bond of EUR 500 million
• Successful placement significantly above the targeted minimum volume
of EUR 300 mn
• Annual coupon of 9.0 percent at the lower end of the indicated range
• Sustainable strengthening of capital structure and secured financing
through 2027
Lenzing – The Lenzing Group, a leading global supplier of regenerated
cellulose fibers for the textile and nonwovens industries, has
successfully placed a new hybrid bond with a volume of EUR 500 mn. The
bond, which has a non-call period of three years, was offered to both
existing investors of the hybrid bond issued in December 2020 and new
investors.
Initially marketed with a minimum nominal amount of EUR 300 mn and a
coupon range of 9.0 to 9.5 percent, the offering was well received by the
market, allowing Lenzing to increase the volume to EUR 500 mn and price
the bond at the lower coupon range with 9.0 percent.
“The successful placement of the new hybrid bond marks another milestone
in the professional and forward-looking management of our capital
structure, following the EUR 545 mn syndicated loan secured in May this
year,” said Nico Reiner, CFO of the Lenzing Group. “With this step, we
have essentially secured our financing through 2027 and can continue to
fully focus on executing our successful performance program aimed at
improving margins and free cash flow.”
The new hybrid bond has a settlement date on July 9, 2025. BNP Paribas and
UniCredit acted as Global Coordinators and Lead Dealer Managers. BNP
Paribas, Commerzbank, Erste Group, J.P. Morgan, Raiffeisen Bank
International, and UniCredit were Joint Bookrunners on the transaction.
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Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Communications Vice President Investor Relations
& Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 664 828 1576
E-mail (2)media@lenzing.com E-mail (4)s.knus@lenzing.com
Web (3)www.lenzing.com Web (5)www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for the responsible production of specialty and
premium fibers based on regenerated cellulose. As an innovation leader,
Lenzing is a partner of global textile and nonwoven manufacturers and
drives many new technological developments. The Lenzing Group’s
high-quality fibers are the raw material for a wide range of textile
applications – ranging from functional, comfortable, and fashionable
clothing through to durable and sustainable home textiles. TÜV-certified
biodegradable and compostable Lenzing fibers are also ideal for demanding
use in everyday hygiene applications.
The Lenzing Group’s business model extends far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, adding value
for consumers. The Lenzing Group strives for efficient utilization and
processing of all raw materials and offers solutions for the transition of
the textile industry from the current linear economic system to a circular
economy. In order to align its commitment to limiting man-made climate
change with the goals of the Paris Agreement, Lenzing has a clear,
science-based climate action plan that provides for a significant
reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and a
net-zero target by 2050.
Key Facts & Figures Lenzing Group 2024
Revenue: EUR 2.66 bn
Nominal capacity (fibers): 1,110,000 tonnes
Employees (full-time equivalents): 7,816
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks
of Lenzing AG.
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03.07.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2164862
End of News EQS News Service
2164862 03.07.2025 CET/CEST
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