EANS-News: Lenzing AG
Lenzing Issues EUR 150 mn German Private Placement
(Schuldschein) with an Interest Rate of 1.43%
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
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.
Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English
Original content of: Lenzing AG, transmitted by news aktuell