Belgium’s Ontex obtains €380 million term loan, €100 million revolver

By Toni Weeks

San Luis Obispo, Calif., Nov. 3 – Ontex Group NV said it obtained a new senior facilities agreement consisting of a €380 million senior term loan facility and a €100 million senior revolving facility.

The new facility will be used as collateral to secure the company’s new issue of euro-denominated fixed-rate notes due 2021, according to a press release. The notes will also be secured by certain hedging obligations.

Ontex is an Aalst, Belgium-based manufacturer of branded and retailer brand hygienic disposable products across Europe, the Middle East and Africa.

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