OTE0001 5 WB 0318 CNE0001 WI Mo, 30.Nov 2020
euroadhoc / euro adhoc / Financing / Company Information

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

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Financing/Company Information

Lenzing - Today, Lenzing AG has successfully issued a hybrid bond - a subordinated, unsecured bond - with a total volume of EUR 500 mn and a coupon of 5.75 percent. The bond was multiple times oversubscribed, has a perpetual tenor and achieves 100 percent IFRS equity accounting due to its structural features. It has successfully been issued 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 issuance underlines the creditworthiness of Lenzing and the confidence of the capital market in our company. The completion of the transaction strengthens our balance sheet and is a further step in diversifying our financing structure", said Thomas Obendrauf, Chief Financial Officer of Lenzing AG.

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

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

end of announcement euro adhoc

issuer: Lenzing AG

A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: WBI, ATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/1597/aom

Rückfragen & Kontakt:

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

***ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0001 2020-11-30/17:35