Outokumpu extends the maturity of its syndicated revolving credit facility with key lenders

Outokumpu Oyj
Press release
December 21, 2020 at 9.00 am EET

Outokumpu extends the maturity of its syndicated revolving credit facility with key lenders

Outokumpu has agreed an amendment of the terms and conditions of its syndicated Revolving Credit Facility agreement allowing for two consecutive yearly extension requests (1+1) of the maturity dates until the end of May 2024. Following this amendment, Outokumpu has requested a one-year maturity extension until the end of May 2023 and has received confirmation from the facility agent that the key lenders have agreed to the request. Out of EUR 574 million maturing at the end of May 2022, a facility amount of EUR 532 million is extended until the end of May 2023.

Says Pia Aaltonen-Forsell, CFO of Outokumpu Oyj: “We continuously work to further strengthen our debt structure and liquidity profile. This extension is an important element in these efforts, and we are very pleased to have agreed on this with the support of our key lenders.”

For more information:

Corporate Communications, tel. +358 9 421 3840

Outokumpu is the global leader in stainless steel. 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