By Paul A. Harris
Portland, Ore., June 29 – Ontex Group NV announced in a Tuesday press release that it priced €580 million of 3½% senior notes due 2026 (B1/BB-).
Price talk was 3½% to 3¾%, tight to early guidance in the high 3% area, market sources said.
The Aalst-Erembodegem, Belgium-based manufacturer of hygienic disposable products plans to use the proceeds to repay debt and for general corporate purposes.
| Issuer: | Ontex Group
|
| Amount: | €580 million
|
| Tenor: | Five years
|
| Securities: | Senior notes
|
| Coupon: | 3½%
|
| Call protection: | Two years
|
| Trade date: | June 29
|
| Settlement date: | July 7
|
| Ratings: | Moody's: B1
|
| S&P: BB-
|
| Distribution: | Private
|
| Price talk: | 3½% to 3¾%
|
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