In documents filed to support new debt issue, hygiene products giant Ontex offers unusual look at assets, market view
WILMOT, NH, July 15, 2021-
In a €580 million offering of new senior notes, Belgian hygiene products giant Ontex is raising money in European capital markets to be used to repay existing debt "and for general corporate purposes". In conjunction with the offering, on June 28 it published a disclosure describing its business in extraordinary detail, talking about its assets and strategy as well as its view of market trends and conditions.
In this year's first quarter, Ontex generated €479.7 million in revenues, down from €574.2 million in the same period last year. Its profit for the quarter fell to €7.7 million compared with €24.1 million a year ago.
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