OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
September 19, 2014 at 9.00 am EET
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Japan, Australia, Singapore, Hong Kong, or any other jurisdiction in which the distribution or release would be unlawful.
Outokumpu will issue a EUR 250 million senior secured bond mainly to institutional investors. The bond matures on September 30, 2019 and it carries a fixed coupon interest rate of 6.625 percent per annum, payable semi-annually. The bond is callable before its final maturity.
The proceeds from the issuance of the bond will be used to refinance the existing indebtedness, including the redemption of the bond maturing in June 2015. On or around the issue date of the new bond, Outokumpu will cancel its existing and currently undrawn EUR 500 million liquidity facility by an amount equal to the proceeds from the new bond.
An application will be made to list the bond on the NASDAQ OMX Helsinki Ltd. Nordea Markets and Pohjola Markets act as coordinators and lead managers for the bond issue. The other lead managers are Danske Bank A/S, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ).
For more information:
Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778
Media: Saara Tahvanainen, tel. +358 40 589 0223
Outokumpu Group
Outokumpu i s a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 000 professionals in more than 30 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com
Disclaimer
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Japan, Australia, Singapore, Hong Kong or in any other jurisdiction where such release, publication or distribution would be unlawful. Persons who reside outside Finland may receive this release only in compliance with applicable exemptions and restrictions.
The information contained in this release shall not be construed as an offer to sell, or as a solicitation of an offer to purchase with respect to any bonds. In particular, this release does not constitute an offer to sell, or a solicitation of offers to purchase, any securities in the United States. Any bonds referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
