EANS-News: Lenzing AG / Lenzing Issues EUR 200 Mn German Private Placement (Schuldschein) with an Interest Rate of 2.55%

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Company Information

Lenzing (euro adhoc) - Lenzing AG, global market leader in the
production of man-made cellulose fibers, has successfully issued and
placed a German Private Placement (Schuldschein) to the amount of EUR
200 mn (senior debt, unsecured) on the debt capital market. Lenzing
AG was able to attain an extremely favorable interest rate of 2.55%,
with an average term to maturity of six years. Moreover, the
transaction was multiple times oversubscribed compared to the
original offering. The German Private Placement (Schuldschein) was
offered with a term to maturity of four and seven years respectively,
in each case at fixed and variable interest rates, as well as with a
term to maturity of ten years but only at a fixed interest rate.

"Following the issuance of a corporate bond in 2010 and the capital
increase within the context of the Re-IPO 2011, we want to take
advantage of a further asset class for financing purposes on behalf
of the Lenzing Group. Thus we are implementing the diversification of
Group financing, especially as it is possible to optimally add
further tranches in the future to the existing German Private
Placement", says Lenzing Chief Financial Officer Thomas G. Winkler.

The Lenzing Group currently has a strategic liquidity reserve of
about EUR 353 mn at its disposal (cash and cash equivalents as well
as short term securities). In addition, Lenzing can draw upon unused
lines of credit to the amount of over EUR 200 mn. The issued German
Private Placement (Schuldschein), which increases the level of
liquidity by EUR 200 mn, takes advantage of the favorable market
situation at present, with a historically low EURIBOR interest rate,
in order to safeguard the financing of Lenzing's dynamic expansion
drive over a period of up to ten years.

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
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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