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Lenzing AG
Capital/Financing Update • May 22, 2025
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Capital/Financing Update
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Corporate | 22 May 2025 11:20
Lenzing AG successfully signs syndicated loan of EUR 545 million
Lenzing AG / Key word(s): Financing
Lenzing AG successfully signs syndicated loan of EUR 545 million
22.05.2025 / 11:20 CET/CEST
The issuer is solely responsible for the content of this announcement.
- Lenzing agrees syndicated loan of EUR 545 mn
- Financing reflects strong confidence from the banking market
- Strengthens liquidity reserves
Lenzing – The Lenzing Group, a leading global supplier of regenerated cellulose fibers for the textile and nonwovens industries, has agreed financing through a syndicated loan totalling EUR 545 mn. The loan consists of a term loan and a revolving facility, enhancing the company’s liquidity reserves in preparation for upcoming refinancing requirements. Commerzbank AG, Erste Group Bank AG, and Raiffeisen Bank International AG led the consortium as coordinators, mandated lead arrangers, and bookrunners, alongside BNP PARIBAS and UniCredit Bank Austria AG as mandated lead arrangers and bookrunners.
The financing structure includes a term loan of EUR 355 mn with a three-year term, and a revolving credit facility of EUR 190 mn, also with a three-year term and extension options of totalling two years.
“In today’s uncertain market environment, this successful financing at attractive terms are a strong vote of confidence and a clear affirmation of our solid position in the global fiber market,” said Nico Reiner, CFO of the Lenzing Group. “With this financing, we are strengthening our financial foundation while further expanding our position as a leading integrated fiber company.”
The Lenzing Group continued to improve its business performance in the first quarter of 2025, despite the ongoing slow and uneven recovery of global textile markets during the reporting period. Revenue rose by 4.8 percent year-on-year to EUR 690.2 mn. EBITDA increased by 118.8 percent to EUR 156.1 mn, supported by positive one-off effects. Net profit amounted to EUR 31.7 mn (compared to minus EUR 26.9 mn in the first quarter of 2024), marking the first positive quarterly result since the third quarter of 2022. Lenzing expects a higher EBITDA for the full year 2025 compared to the previous year.
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| Your contact for Public Relations: Dominic Köfner Vice President Corporate Communications & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 2743 E-mail [email protected] Web www.lenzing.com |
Investor Relations: Sébastien Knus Vice President Capital Markets Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 3599 E-mail [email protected] Web www.lenzing.com |
About the Lenzing Group
The Lenzing Group stands for the responsible production of specialty and premium fibers based on regenerated cellulose. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. The Lenzing Group’s high-quality fibers are the raw material for a wide range of textile applications – ranging from functional, comfortable, and fashionable clothing through to durable and sustainable home textiles. TÜV-certified biodegradable and compostable Lenzing fibers are also ideal for demanding use in everyday hygiene applications.
The Lenzing Group’s business model extends far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, adding value for consumers. The Lenzing Group strives for efficient utilization and processing of all raw materials and offers solutions for the transition of the textile industry from the current linear economic system to a circular economy. In order to align its commitment to limiting man-made climate change with the goals of the Paris Agreement, Lenzing has a clear, science-based climate action plan that provides for a significant reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and a net-zero target by 2050.
Key Facts & Figures Lenzing Group 2024
Revenue: EUR 2.66 bn
Nominal capacity (fibers): 1,110,000 tonnes
Employees (full-time equivalents): 7,816
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks of Lenzing AG.
22.05.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com
| Language: | English |
| Company: | Lenzing AG |
| 4860 Lenzing | |
| Austria | |
| Phone: | +43 7672-701-0 |
| Fax: | +43 7672-96301 |
| E-mail: | [email protected] |
| Internet: | www.lenzing.com |
| ISIN: | AT0000644505 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2143674 |
| End of News | EQS News Service |
2143674 22.05.2025 CET/CEST