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Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing successfully places EUR 120 million corporate bond with mainly private investors

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information
22.09.2010
Lenzing AG, the world market leader in man-made cellulose fibers, 
successfully placed a seven-year corporate bond with a coupon rate of
3.875 %. The bond sale was oversubscribed fourfold. Approximately 75 
% of the total volume went to private Austrian investors due to 
strong demand from this group. Peter Untersperger, chairman of the 
management board, comments: "We have achieved an important target of 
our bond issue in an optimum manner, namely the diversification of 
our creditor base. We see the considerable oversubscription and the 
great demand from institutional and in particular private investors 
as an indication that Lenzing is well positioned as a global and yet 
essentially Austrian company".
Lenzing will use the net proceeds for optimizing the company's 
current financing portfolio, strengthening its financial power, 
refinancing existing financial liabilities, as well as for financing 
new projects, such as developing and extending established business 
activities. The company's CFO, Thomas G. Winkler notes: "The new 
Lenzing corporate bond puts us in a position to optimally adapt our 
financing structure to the requirements of the next years. The coupon
rate of 3.875 % reflects the high credit rating given by the 
investors and sets a benchmark."
About 90 % of the total bond volume was allocated to Austrian private
and institutional investors, the remainder to non-Austrian investors.
Appointed joint lead managers of the bond issue were UniCredit Bank 
Austria AG and Raiffeisen Zentralbank Österreich AG, senior co-lead 
managers: Raiffeisenlandesbank Oberösterreich AG, Erste Group and 
Oberbank AG, and co-lead managers: Investkredit Bank AG, Sparkasse 
Oberösterreich and BAWAG P.S.K.
end of announcement                               euro adhoc

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-918-2713
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Berlin / free trade
Wien / official market

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