LANXESS: Moody’s rating change with limited impact on financing costs
- Existing financing costs to increase slightly by around EUR 1 million per year
- Access to undrawn, firmly committed credit lines totaling EUR 1,35 billion; no financial covenants
Rating agency Scope currently rates LANXESS at BBB (stable outlook).
From a financial perspective, the rating change has very limited impact on LANXESS’ existing financing costs. These will increase by only around EUR 1 million per year, relating to the commitment fees on the company’s existing credit lines.
The average fixed coupon of all outstanding LANXESS bonds currently amounts to around 1 percent, supported by a well-balanced long-term maturity profile. The refinancing of the EUR 500 million bond maturing in October 2026 is secured through available liquidity, the company’s established access to the bond markets, and its existing credit lines.
LANXESS is solidly financed over the long term and has access to undrawn, firmly committed credit lines totaling EUR 1.35 billion. The sustainability linked credit facility of EUR 800 million, concluded in September 2024, has a maturity until 2030 and includes an additional one-year extension option. In addition, LANXESS has unused bilateral credit lines of EUR 550 million. None of the financing instruments are subject to financial covenants.
LANXESS continues to work consistently on reducing its financial debt and aims to return to solid investment-grade rating metrics as quickly as possible.
LANXESS will publish its financial results for fiscal year 2025 on March 19, 2026.
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.
Information for editors:
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