Brief: Lenzing Joint Venture Ld Celulose Prices Green Notes
27/09/2024 10:46
Sept 27 (Reuters) - LENZING AG LENV.VI :
* PRICES $650 MILLION GREEN NOTES AT 7.950% COUPON
* OFFERING OVERSUBSCRIBED BY 4.6 TIMES DUE TO HIGH DEMAND
* JOINT VENTURE LD CELULOSE SUCCESSFULLY PRICES GREEN NOTES
* GREEN NOTES MATURE ON JANUARY 25, 2032
* NEW FINANCING STRUCTURE INCLUDES $350 MILLION TERM LOAN
* PROCEEDS TO REPAY EXISTING FINANCING AND FUND ELIGIBLE
INVESTMENTS
* GREEN NOTES TO BE LISTED ON SINGAPORE STOCK EXCHANGE
Source text for Eikon: ID:nEQb4XxXLa
Further company coverage: LENV.VI
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