Resilux, Bois Sauvage agree early loan repayment

BRUSSELS, June 24 (Reuters) - Belgian plastic bottle maker Resilux (RESI.BR) said on Wednesday it had reached a deal to repay a 7.5 million euro ($10.6 million) subordinated loan to Bois Sauvage (CBOS.BR) earlier than planned.

Under the agreement, Resilux said it would buy back and annul 166,665 warrants issued to holding company Bois Sauvage when it first underwrote Resilux's loan in 2006.

"By not exercising the warrants, a possible future dilution is avoided," Resilux said in a statement.

It said the refinancing deal did not change its policy of reducing debt in the coming years.

Resilux booked net financial debt, including subordinated loans, of 34.3 million euros at the end of 2008, compared to 51.0 million euros in 2007. (Reporting by Anne Jolis; Editing by Dale Hudson)