Ontex Group NV Announces Results of Cash Tender Offer for €580,000,000 3.500% Senior Notes Due 2026

Ontex Group NV has officially announced the results of its cash tender offer for its outstanding €580,000,000 3.500% senior notes due in 2026. This update covers the details of the offer, including acceptance amounts, payment dates, and future plans regarding the remaining notes.

Key Highlights of the Cash Tender Offer

• Offer Launch Date: March 24, 2025
• Offer Expiration Date: March 31, 2025, at 17:00 CEST
• Total Amount Validly Offered: €283,095,000 of the senior notes
• Purchase Price: 100.00% of the total principal amount of the validly offered notes
• Payment Date: Expected on April 3, 2025

Detailed Offer Information

Overview of the Offer

• Issuer: Ontex Group NV (“Issuer”)
• Notes Description: 3.500% Senior Notes due 2026 (ISIN: BE6329443962/Common Code: 236126102)
• Conditions: The offer was subject to the New Financing Condition and General Terms as specified in the Tender Offer Memorandum dated March 24, 2025.

Results of the Offer

• Total Validly Offered: As of the expiration date, a total of €283,095,000 of the notes were validly offered for purchase.
• Acceptance: All holders whose notes were accepted will receive the purchase price along with accrued interest.
• Remaining Notes: After the cancellation of the accepted notes, the remaining outstanding principal amount will be €296,905,000.

Future Payment and Redemption

• Expected Payment Date: Payments for the accepted notes will be processed on April 3, 2025, via Clearing Systems.
• Redemption of Remaining Notes: Notes not accepted in the tender offer are expected to be redeemed at par around July 15, 2025. Holders will be notified accordingly.

Important Legal Information

Restrictions

This announcement is not an offer to purchase or a solicitation to sell any notes. The offer was conducted solely in accordance with the Tender Offer Memorandum. The distribution of this announcement may be restricted by law in certain jurisdictions.

Forward-Looking Statements

This announcement may contain forward-looking statements regarding the issuer's expectations and intentions concerning future performance. These statements involve risks and uncertainties, and actual results may differ materially.

About Ontex

Ontex is a leading international developer and manufacturer of personal care products, including baby care, feminine hygiene, and adult care products. The company distributes innovative products in approximately 100 countries and employs around 7,000 people across 14 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid® index.

Conclusion

Ontex Group NV's cash tender offer for its senior notes has concluded successfully, with a significant amount accepted for purchase. Stakeholders are encouraged to stay informed about future developments regarding the remaining notes and the company's performance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research or consult a licensed financial advisor before making investment decisions.