Wolf Theiss advises BNP Paribas, UniCredit and another bank on Lenzing’s issue of EUR 500,000,000 undated subordinated resettable fixed rate notes

Vienna, 15. December 2020 – On 7 December 2020, Lenzing AG successfully completed the issue and listing of EUR 500,000,000 Undated Subordinated Resettable Fixed Rate Notes (XS2250987356). The notes in a denomination of EUR 100,000, each, are listed on the Luxembourg Stock Exchange MTF segment.

The Wolf Theiss DCM team, consisting of Alexander Haas and Dominik Thill advised – together with Linklaters – BNP Paribas (as Joint Global Coordinator, Joint Global Structuring Agent and Joint Bookrunner) and Unicredit Bank Austria AG and another Bank (as Joint Bookrunner). Wolf Theiss’ Eva Stadler advised on tax law aspects. The Issuer was advised by Binder Grösswang Rechtsanwälte GmbH.

“We would like to congratulate Lenzing AG to the successful transaction and thank all parties involved for the smooth execution of the transaction and BNP Paribas and UniCredit for the confidence in us”, Alexander Haas explained when commenting on the deal.