Nachrichten November 18, 2014

Shearman & Sterling Advises on Ontex’s €250 Million Senior Secured Notes Offering

Shearman & Sterling acted as counsel to the initial purchasers represented by Goldman Sachs International and J.P. Morgan Securities plc, in connection with Ontex NV’s offering of €250 million aggregate principal amount of 4.75% Senior Secured Notes due 2021. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on November 14, 2014.

The proceeds from the offering will be used to repay Ontex’s existing Senior Secured Notes due 2018 and Senior Notes due 2019.

Ontex is a leading manufacturer of retailer branded and branded hygienic disposable products across Western Europe, Eastern Europe, Middle East and Africa, with 15 production facilities located across Europe, Turkey, Algeria, Russia, China, Australia and Pakistan.

The Team