LUXEMBOURG/ZNOJMO (3 September 2014) – PEGAS NONWOVENS SA (hereafter "PEGAS NONWOVENS" or "Company"), a leading European producer of nonwovens textiles, is considering an emission of CZK denominated bonds.
PEGAS NONWOVENS in cooperation with Česká spořitelna (hereafter "Bank") has initiated a preliminary inquiry into the interest of investors in a possible emission of CZK denominated bonds issued pursuant to the law of the Czech Republic. In the event of a positive response from investors and depending on the development of market conditions, the Company would consider their issuance as an alternative source of medium-term financing. The generated revenue would be used to repay bank loans and would not constitute an increase in the net debt of the Company.
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