Lenzing Group: Joint Venture LD Celulose Successfully Prices Green Notes

Lenzing Group, a leading supplier of regenerated cellulose fibers, announced that its Brazilian joint venture, LD Celulose S.A. ("LDC"), has successfully priced USD 650 million in senior secured green notes. The notes carry a coupon of 7.950 percent per annum and were oversubscribed by 4.6 times, reflecting high demand from institutional investors.

The green notes, due on January 25, 2032, form part of a broader USD 1 billion financing structure that includes a USD 350 million syndicated term loan. LDC plans to use the net proceeds to repay existing financing agreements and fund eligible green investments in accordance with its Green Financing Framework.

Rohit Aggarwal, CEO of Lenzing Group, credited the strong investor interest to the company's sustainability efforts. CFO Nico Reiner highlighted that this financing milestone will enable LDC to convert its project financing into a standalone corporate finance structure.