Lenzing AG forges new paths in the financing of operative growth - Projects
Lenzing AG forges new paths in the financing of operative growth
Updated : October 2020
Senior or top management
Textile industry sustainability professionals
Lenzing AG is the leading producer of wood-based cellulose fibers. In 2019, they positioned a bonded loan bound to its sustainability performance. The loan's interest is linked to Lenzing’s performance in the area of sustainability and is annually reviewed and assessed by an independent sustainability agency. The total volume of the loan of EUR 500 mn will be available to the Lenzing Group in December 2019 and in January 2020 and is further distributed over tranches with terms of five, seven, and ten years. Besides, registered bonds will be put into place with a term of 15 years. The resources will be used for general corporate financing, for the early refinancing of a bond tranche from 2015, and for important sustainable future projects by the Lenzing Group.