PARIS (S&P Global Ratings) April 6, 2020--S&P Global Ratings today assigned its 'BBB+' issue rating to Lonza Finance International N.V.'s proposed fixed-rate senior unsecured bonds. We understand the company will use the proceeds to refinance existing debt and for general corporate purposes. The size and maturity of the bonds will be subject to market conditions. The bonds will rank pari passu with other senior unsecured debt instruments. Lonza Group Ltd. (BBB+/Stable/--), the group's top holding company will provide an unconditional and irrevocable guarantee for the bonds. The group's 2019 results stem from the strong growth momentum on PBN (Pharma, Biotech, Nutrition) mainly in the mammalian and microbial segments. This led to an increase in profitability (core EBITDA) to 1.6 billion
