Lenzing : Issues EUR 150 mn German Private Placement (Schuldschein) with an Interest Rate of 1.43%

Lenzing Issues EUR 150 mn German Private Placement (Schuldschein) with an Interest Rate of 1.43%

Friday, 15 May 2015

Lenzing AG, global market leader in the production of man-made cellulose fibers, has successfully issued and placed German Private Placement (Schuldschein) to the amount of EUR 150 mn (senior debt, unsecured) on the capital market. This transaction took place in connection with the termination of the existing German Private Placements and the issuing of new securities including a volume increase to the current level of about EUR 290 mn.

In this regard, Lenzing AG succeeded in attaining an extremely favorable interest rate averaging 1.43%, with an average term to maturity of slightly less than seven years. The transaction was strongly oversubscribed. The German Private Placement (Schuldscheine) was offered with a term to maturity of five to seven years, in each case at fixed and variable interest rates, as well as a term to maturity of ten years but only at a fixed interest rate.

"This successful issuing of a German Private Placement (Schuldschein) represents a vote of confidence on the part of the capital market, which positively assesses Lenzing's long-term prospects. In this way, Lenzing has secured borrowed capital at a historically low interest rate for the upcoming years", says Thomas Riegler, Chief Financial Officer of Lenzing AG.

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For more information please contact:
Angelika Guldt
Head of Corporate Communications
Phone: [phone]
E-mail: [e-mail]

Stephanie Kniep
Head of Investor Relations
Phone: [phone]
E-mail: [e-mail]