In 2025, Ontex completed the refinancing of its outstanding senior bond, strengthening the company’s financial foundations.

A €400 million bond issued in March matures in 2030, extending our debt profile and providing the financial means to further transform and grow the business.
The existing €580 million bond due in 2026 has been fully repaid via a tender offer in April and an early redemption of the remainder in July.

The higher nominal interest rate (5.25%) versus the previous issuance reflects the higher interest rate environment but at the same time an improved credit spread. Thanks to the divestments of our emerging market business, we could significantly lower the nominal amount of the high-yield bond.

The financing structure of Ontex is based on a 5-year high-yield bond and a revolving credit facility. Last year’s deleveraging, following the divestments, demonstrates disciplined capital allocation and proactive balance sheet management.

It gives Ontex financial flexibility and stability to support growth in its core markets and long-term value creation.