Outokumpu announces premature redemption of Senior Secured Fixed Rate Notes due 2019
Stock exchange release
November 2, 2017 at 9.00 am EET
Outokumpu Oyj ("Outokumpu") announces that it will exercise its right to redeem prematurely all of its outstanding 6.625% Senior Secured Fixed Rate Notes due September 30, 2019 (OUTJ000019, ISIN FI4000109624). The notes will be redeemed in full on December 12, 2017 (the "Redemption Date") in accordance with the terms and conditions of the notes. The notes are listed on the official list of Nasdaq Helsinki Ltd.
The total nominal amount of the notes is EUR 250 million. On the Redemption Date, Outokumpu will pay the holders of the notes a redemption price equal to 103.313% for the principal amount of each note together with all accrued and unpaid interest on such principal amount in accordance with the terms and conditions of the notes.
Formal notice of redemption is being delivered to the noteholders in accordance with the terms and conditions of the notes. The redemption will be paid automatically to the noteholders.
For more information:
Juha Hakala, Group Treasurer, tel. +358 40 533 2536
Media: Corporate communications, tel. +358 9 421 3840
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com outokumpu.com/stainless-news choosestainless.outokumpu.com