Ontex to redeem €395 million 7½% notes, €235 million 9% notes Dec. 4

By Tali Rackner

Norfolk, Va., Nov. 4 – Ontex IV SA announced the conditional redemption of its €395 million 7½% senior secured notes due 2018 and €235 million 9% senior notes due 2019.

The notes are expected to be redeemed on Dec. 4, according to a notice.

The 2018 notes will be redeemed at 103.75 plus accrued interest to the redemption date, and the 2019 notes will be redeemed at par plus the applicable premium plus accrued interest.

The redemption is conditioned on the completion of a senior secured notes offering by Ontex Group NV.

Wilmington Trust, NA is the trustee, and Citibank, NA is the paying agent.

Ontex is a Belgium-based manufacturer of private-label disposable diapers and wipes.

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