EANS-News: Lenzing AG / Lenzing AG successfully places EUR 500 million hybrid bond


Corporate news transmitted by euro adhoc. The issuer is responsible for the content.

Financing / company

Lenzing – Lenzing AG successfully issued a hybrid bond – a subordinated, unsecured bond – with a total volume of EUR 500 million and an interest rate of 5.75 percent. The bond was oversubscribed several times, has an indefinite term and, due to its structural characteristics, will be accounted for 100 percent as equity under IFRS. It was successfully placed following a two-day roadshow with international investors. The denomination of the hybrid bond is EUR 100,000. It is Lenzing’s first hybrid bond on the capital market and will further strengthen the company’s capital structure.

“The success of our hybrid issue underlines the creditworthiness of Lenzing and the trust of the capital market in our company. The completion of the transaction strengthens our balance sheet and is a further step towards diversifying the financing structure”, said Thomas Obendrauf, CFO of Lenzing AG.

BNP Paribas and Morgan Stanley acted as joint global coordinators and structuring advisors, and BNP Paribas, Morgan Stanley and UniCredit acted as joint lead managers.

Photo-Download [https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=9H9bN26uMNFM] PIN: 9H9bN26uMNFM

End of the announcement euro adhoc

Issuer: Lenzing AG

A-4860 Lenzing
Phone: +43 7672-701-0
FAX: +43 7672-96301
Email: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
Indizes: WBI, ATX
Exchanges: Vienna
Language: German

Inquiries & contact:

Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 664 8477802
E-Mail: f.miermans@lenzing.com

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