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

November 30, 2020 11:35 ET (16:35 GMT)