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

Monday, 30. November 2020 17:35
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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

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

end of announcement                         euro adhoc
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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

EAX0003    2020-11-30/17:35

Related Links: Lenzing AG
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