Nonwovens News

Avgol Reveals Fiberweb Findings

Israeli company would have to borrow $400M for purchase.

Israeli nonwovens producer Avgol has estimated that it would need to borrow about $400 million as well as an additional $200 million in mezzanine financing to purchase Fiberweb. Avgol announced it was conducting due diligence concerning the possible purchase of Fiberweb’s sizable nonwovens business in January.
   
According to a report issued by Fiberweb, Avgol would borrow the $400 million from non-Israeli banks and Israeli institutional investors. The debt would be used to refinance Fiberweb’s existing debt.



Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters