EQS-News: Lenzing AG / Key word(s): Financing
Lenzing AG successfully signs syndicated loan of EUR 545 million
22.05.2025 / 11:20 CET/CEST
The issuer is solely responsible for the content of this announcement.
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• Lenzing agrees syndicated loan of EUR 545 mn
• Financing reflects strong confidence from the banking market
• Strengthens liquidity reserves
Lenzing – The Lenzing Group, a leading global supplier of regenerated
cellulose fibers for the textile and nonwovens industries, has agreed
financing through a syndicated loan totalling EUR 545 mn. The loan
consists of a term loan and a revolving facility, enhancing the company’s
liquidity reserves in preparation for upcoming refinancing requirements.
Commerzbank AG, Erste Group Bank AG, and Raiffeisen Bank International AG
led the consortium as coordinators, mandated lead arrangers, and
bookrunners, alongside BNP PARIBAS and UniCredit Bank Austria AG as
mandated lead arrangers and bookrunners.
The financing structure includes a term loan of EUR 355 mn with a
three-year term, and a revolving credit facility of EUR 190 mn, also with
a three-year term and extension options of totalling two years.
“In today’s uncertain market environment, this successful financing at
attractive terms are a strong vote of confidence and a clear affirmation
of our solid position in the global fiber market,” said Nico Reiner, CFO
of the Lenzing Group. “With this financing, we are strengthening our
financial foundation while further expanding our position as a leading
integrated fiber company.”
The Lenzing Group continued to improve its business performance in the
first quarter of 2025, despite the ongoing slow and uneven recovery of
global textile markets during the reporting period. Revenue rose by 4.8
percent year-on-year to EUR 690.2 mn. EBITDA increased by 118.8 percent to
EUR 156.1 mn, supported by positive one-off effects. Net profit amounted
to EUR 31.7 mn (compared to minus EUR 26.9 mn in the first quarter of
2024), marking the first positive quarterly result since the third quarter
of 2022. Lenzing expects a higher EBITDA for the full year 2025 compared
to the previous year.
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Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 3599
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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22.05.2025 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: 2143674
End of News EQS News Service
2143674 22.05.2025 CET/CEST
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