Ontex Group gets new €900 million five-year term loan, revolver

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Ontex Group NV said it entered into a new €900 million five-year credit agreement with its banks.

The new credit facilities include a €600 million term loan and a €300 million revolving credit facility.

The new term loan will be used to refinance the group’s existing term loans. The new revolver can be used for general corporate purposes, acquisitions and the repayment of the group’s existing €250 million bond.

Ontex said it has received strong support from a group of 16 international banks, confirming its strengthened financial position achieved since the company’s initial public offering in June 2014.

Ontex is an Aalst, Belgium-based manufacturer and distributor of hygienic disposable products.

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