Ontex enters into a new credit facilities agreement

PRESS RELEASE

Regulated information

Inside information

 

Ontex enters into a new credit facilities agreement

Improved terms and conditions confirm strengthened financial position

Aalst-Erembodegem, September 27, 2017 - 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.

Enquiries

Investors

Philip Ludwig


+32 53 333 730

Philip.ludwig@ontexglobal.com

Press

Gaëlle Vilatte


+32 53 333 708

Gaelle.vilatte@ontexglobal.com