Aliaxis Obtains 650 Million-Euro Revolving Credit to Refinance

Aliaxis SA (ALIVP), a Belgian construction- plastics manufacturer, signed a 650 million-euro ($933 million) loan to refinance maturing debt.

The five-year revolving credit facility will be used for general corporate purposes and will replace a 936 million-euro loan signed in 2005, according to an e-mailed statement from Crédit Agricole CIB. The proceeds will be used for Aliaxis Finance SA and Aliaxis North America Inc. units.

Credit Agricole CIB, BNP Paribas’s Fortis Bank SA/NV, Commerzbank AG, HSBC Holdings Plc, KBC Bank NV, Natixis SA and Royal Bank of Scotland Group Plc arranged the financing, and were joined by eight banks in syndication.

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