Outokumpu proceeds with its debt financing arrangements and convenes noteholders' meetings in respect of its notes due in 2015 and 2016
OUTOKUMPU OYJSTOCK EXCHANGE RELEASEJanuary 27, 2014 at 8.30 am EET Outokumpu is proceeding with its comprehensive measures to strengthen the company’s balance sheet as announced on November 30, 2013. There has been significant progress in the negotiations to extend and amend Outokumpu’s current debt financing arrangements. Outokumpu has also decided to grant a security package for a majority of its credit facilities and therefore commences a consent solicitation process for its outstanding notes. Says Outokumpu CFO Reinhard Florey: “We are very pleased with the progress made in