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Belgium’s Ontex Group to redeem 7˝%, 9% notes via new notes, term loan
By Toni Weeks
San Luis Obispo, Calif., Nov. 3 – Ontex Group NV will redeem €395 million of 7˝% senior secured notes due 2018 and €235 million of 9% senior unsecured notes due 2019 with the proceeds of a Regulation S and Regulation 144A private placement offering of new senior secured notes, according to a company press release.
The company will also use the proceeds from a new €380 million senior term loan facility to redeem the notes.
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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