Bond Investors and Credit Information

Corporate credit ratings

Debt capital markets

The Lonza Group sources most of its debt financing directly from the debt capital markets. Please find below details of our debt capital market facility.

Base prospectus - April 2023 (pdf)

Base prospectus - April 2024 (pdf)

Base Prospectus – April 2025 (pdf)

Debt overview

This section offers some important information for debt investors. The ability to flexibly use different sources of funds plays a key role in the financing of the Lonza Group. Lonza has therefore established a number of debt instruments.

Significant Debt Instruments:

Eurobond

In April 2020 Lonza issued its inaugural Eurobond with a coupon of 1.625% in the European capital market. The net proceeds were used to refinance existing debt and general corporate purposes. The bond with a volume of EUR 500 million has a maturity of 7 years. The notes have been offered under a standalone Prospectus and have been listed on the Luxembourg Stock Exchange.

Trust Deed 2020
Agency Agreement 2020
Lonza Finance International NV bylaws
Lonza Group AG bylaws
Corporate news and releases

In May 2023 Lonza issued a EUR 500 million straight bond with a maturity of 10 years and a coupon of 3.875%. This bond marked Lonza’s first drawdown under its newly established EMTN program.

In April 2024 Lonza issued a EUR 1 billion straight bond with a maturity of 12 years and a coupon of 3.875%.

In September 2024 issued its first dual tranche EUR 1.2 billion straight bonds. The bonds have a maturity of six and ten years with coupons of 3.25% and 3.50% respectively.

CHF - Bonds

In February 2023, Lonza issued a CHF 300 million note with a maturity of 6.5 years (annual coupon of 2.100%), followed by an increase of the February note in May 2023 by CHF 150 million with a maturity of 6.5 years (annual coupon of 2.100%). In November 2023, two bonds totaling CHF 400 million were issued with maturities of 4.5 and 7.5 years (annual coupons of 2.250% and 2.600%, respectively).

The net proceeds from both the Eurobond and the CHF bonds above were used for refinancing and general corporate purposes.

Debt repayments

In 2023, Lonza repaid its scheduled debt maturities totaling CHF 655 million equivalent (thereof CHF 180 million related to the German Private Placement and two Swiss bonds with a nominal value of CHF 300 million and CHF 175 million).

Syndicated Loan Facilities

In 2019, Lonza signed a Syndicated Loan Facility with a consortium of banks containing Term Loans and a Revolving Credit Facility. The Term Loan tranches of USD 500 million and USD 200 million carrying floating interest rates are repayable 2025 and 2026 respectively. The Revolving Credit Facility (RCF) provides Lonza additional financial headroom of CHF 1 billion due 2026, at floating interest rates. The facility was not used during 2023 nor in 2022.

German private placement (Schuldscheindarlehen)

Following the repayment of the scheduled debt maturities of EUR 187.5 million (CHF 180 million) in August 2023, Lonza maintains one fixed rate note of the dual-currency Schuldschein issued in August 2017. The remaining note is repayable in 2024 (USD 50 million).

Others

Other current and non-current debt comprise industrial revenue bonds of USD 130 million (2022: USD 130 million) issued by governmental institutions in the United States. One revenue bond (amounting to USD 23 million) was repaid in April 2022.