Pegas Nonwovens issued bonds worth 100 mln

Pegas Nonwovens has completed the process of refinancing through the non-public issue of three series of long-term bonds worth PLN 100 million, the company announced. "The money raised will be used to repay bank loans,  for partial redemption of bonds maturing in November 2018,  and further investments, including shares buyback, which the company is currently considering," a statement read. Pegas Nonwovens is one of the leading global producers of non woven textiles, used primarily in the personal hygiene products market. Pegas supplies its customers with textiles principally for use in disposable hygiene products and, to a lesser extent, in construction, agricultural and medical applications.