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.

To contact the reporter on this story: Stephen Morris in London at smorris39@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

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