Outokumpu signs amendment and extension of its syndicated revolving credit facility and has agreed partial security release with key lenders
Outokumpu OyjPress releaseDecember 22, 2017 at 3.00 pm EET Outokumpu Oyj has today signed an amendment and extension of its committed syndicated revolving credit facility. The restated facility of EUR 650 million has its maturity in May 2021 with an option to extend maturity by one year, subject to an approval by the lenders. The facility will be used for general corporate purposes. The restated facility agreement includes one financial covenant based on gearing. In connection with the amendment and extension of the syndicated facility Outokumpu has cancelled a bilateral credit