Lenzing AG places new hybrid bond of EUR 500 million
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EQS-News: Lenzing AG
/ Key word(s): Financing
Lenzing AG places new hybrid bond of EUR 500 million
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. Photo download: https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=SXQvRCguoKxE
03.07.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com |
| 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 |
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2164862 03.07.2025 CET/CEST
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