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LNZ Lenzing AG News Story

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Brief: Lenzing Announces Exchange Offer For EUR 500 Mln Hybrid Bond 2020

June 16 (Reuters) - LENZING AG LENV.VI:

ANNOUNCES EXCHANGE OFFER FOR EUR 500 MILLION HYBRID BOND 2020

CASH CONSIDERATION LIMITED TO EUR 50 MILLION

EXCHANGE PERIOD EXPECTED FROM JUNE 16 TO JULY 2, 2025

HYBRID BOND 2025 BASED ON TERMS OF HYBRID BOND 2020

HYBRID BOND 2025 TO BE CLASSIFIED AS EQUITY UNDER IFRS

Source text: ID:nEQ9T3mlFa

Further company coverage: LENV.VI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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