Bridon Bekaert Ropes Group $316 million refinancing

Overview:

• The Bridon Bekaert Ropes Group is refinancing existing debt and funding general corporate needs with a $316 million secured facilities agreement.
• The group is the product of a joint venture between Bekaert and the Ontario Teachers' Pension Plan, who have merged the ropes and advanced cords businesses of Bekaert and Bridon International.
• The newly formed entity has 19 manufacturing centres in 11 different countries, with 2,500 employees.

Kurt Stumpo - Journalist