AALST-EREMBODEGEM, Belgium--(BUSINESS WIRE)--Regulatory News:
Ontex Group NV (Euronext Brussels: ONTEX; “Ontex” or “Group”) today announced that it has entered into a new credit facilities agreement with its banks for an amount of €900 million in total. The new facilities agreement comprises a term loan of €600 million, and a revolving credit facility of €300 million. The agreement is for a term of 5 years.
The new term loan will be used to refinance the Group’s existing term loans. The new revolving facility agreement can be used for general corporate purposes, acquisitions and the repayment of the Group’s existing bond of €250 million.
Ontex has received strong support from a group of 16 international banks, confirming the Group’s strengthened financial position achieved since the company’s initial public offering in June 2014.
Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through Ontex brands such as BBTips, BioBaby, Pompom, Bigfral, Canbebe, Canped, ID and Serenity, as well as leading retailer brands.
Employing 11,000 passionate people all over the world, Ontex has a presence in more than 27 countries, with its headquarters in Aalst, Belgium. Ontex is part of the Bel20 and STOXX® Europe 600. To keep up with the latest news, visit www.ontexglobal.com or follow us on LinkedIn.