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LNZ - Lenzing AG News Story

€41.2 -1.7  -3.9%

Last Trade - 2:47pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.03bn
Enterprise Value £1.81bn
Revenue £1.65bn
Position in Universe 348th / 1040

BRIEF-Lenzing Places Sustainable Bonded Loan Of Over EUR 500 Mln

Thu 28th November, 2019 9:06am
Nov 28 (Reuters) - LENZING AG  LENV.VI :
    * SUCCESSFULLY PLACES SUSTAINABLE BONDED LOAN OF OVER EUR
500
MILLION
    * INITIAL EUR 200 MN BOND WAS OF SUCH INTEREST TO INVESTORS
FROM
EUROPE AND ASIA THAT DECISION WAS MADE TO INCREASE IT TO EUR 500
MN
    * TOTAL VOLUME OF LOAN OF EUR 500 MN WILL BE AVAILABLE TO
LENZING
GROUP IN DECEMBER 2019 AND IN JANUARY 2020
    * NEARLY 12 PERCENT OF THIS (USD 65 MN) WAS TENDERED IN US
DOLLARS.
    * LOAN IS FURTHER DISTRIBUTED OVER TRANCHES WITH TERMS OF
FIVE,
SEVEN AND TEN YEARS
    * REGISTERED BONDS WILL BE PUT INTO PLACE WITH A TERM OF 15
YEARS
    * RESOURCES WILL BE USED FOR GENERAL CORPORATE FINANCING,
EARLY
REFINANCING OF BOND TRANCHE FROM 2015 AND FUTURE PROJECTS BY
LENZING GROUP

Source text for Eikon:  ID:nAPA8lVD3x 
Further company coverage:  LENV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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