#Yarn & Fiber

2025-07-03

Lenzing AG places new hybrid bond of EUR 500 million

The Lenzing Group, a leading global supplier of regenerated cellulose fibers for the textile and nonwovens industries, has successfully placed a new hybrid bond with a volume of EUR 500 mn. The bond, which has a non-call period of three years, was offered to both existing investors of the hybrid bond issued in December 2020 and new investors.

Initially marketed with a minimum nominal amount of EUR 300 mn and a coupon range of 9.0 to 9.5 percent, the offering was well received by the market, allowing Lenzing to increase the volume to EUR 500 mn and price the bond at the lower coupon range with 9.0 percent.

“The successful placement of the new hybrid bond marks another milestone in the professional and forward-looking management of our capital structure, following the EUR 545 mn syndicated loan secured in May this year,” said Nico Reiner, CFO of the Lenzing Group. “With this step, we have essentially secured our financing through 2027 and can continue to fully focus on executing our successful performance program aimed at improving margins and free cash flow.”

The new hybrid bond has a settlement date on July 9, 2025. BNP Paribas and UniCredit acted as Global Coordinators and Lead Dealer Managers. BNP Paribas, Commerzbank, Erste Group, J.P. Morgan, Raiffeisen Bank International, and UniCredit were Joint Bookrunners on the transaction.

Lenzing AG refines strategy and strengthens competitiveness for a challenging environment

Lenzing AG, a leading provider of regenerated cellulosic fibers, refined its strategy to strengthen its global positioning and competitiveness. With this step, the company responds to the ongoing challenges in the global textile and nonwovens markets as well as geopolitical changes. Cornerstones of the refined strategy include focusing on high-performance fibers, enhancing operational efficiency and asset footprint optimization, which should further unlock the company’s full value creation potential.

Lenzing AG accelerates energy transition with expanded renewable energy portfolio

The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwoven industries, is setting another milestone in the energy transition by expanding its photovoltaic capacities at its Lenzing site. Together with VERBUND, a new PV plant with a capacity of 1.3 megawatts peak (MWp) has been commissioned, increasing the total capacity of the PV plant park to 8.3 MWp. Lenzing is thereby investing in a stable and diversified energy supply and is also making an active contribution to the energy transition.

Lenzing strengthens Managing Board with Georg Kasperkovitz as Chief Operations Officer

The Supervisory Board of Lenzing AG has appointed Georg Kasperkovitz as a member of the Managing Board and Chief Operations Officer (COO) of Lenzing AG with effect from June 1, 2025. Georg Kasperkovitz (58) brings more than 15 years of experience in various management functions in Europe, North America and Asia – Lenzing’s most important production regions and markets.

Better, faster, bio-based: Functional new Plastic alternatives

How can new bio-based and biohybrid materials with improved features be developed faster? Six Fraunhofer institutes are jointly exploring this question in the SUBI²MA flagship project, using an innovative bio-based polyamide developed by Fraunhofer researchers as a model. Its specific properties make it a promising alternative to fossil-based plastics.

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.