Outokumpu signs EUR 900 million revolving credit facility

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE  
July 12, 2013 at 11.00 am EET

Outokumpu Oyj has today signed a EUR 900 million committed revolving credit facility having its maturity in June 2015, with an option to extend the facility by one year, subject to an approval by the banks. The new facility will be used for general corporate purposes and it replaces the EUR 750 million facility signed in June 2011 and the EUR 250 million facility that became effective in December 2012. The new facility agreement includes two financial covenants, one based on gearing and the other on liquidity.

The previously arranged forward start facility of EUR 250 million will become effective with an amount of EUR 100 million to cover the shortfall between the expiring EUR 1 billion facilities and the new facility of EUR 900 million. The forward start facility will expire in January 2014.

Outokumpu is very pleased with the results of the refinancing and strong support by its core banking group. Banks acting as Mandated Lead Arrangers and Bookrunners are Credit Agricole Corporate and Investment Bank, Nordea and Skandinaviska Enskilda Banken AB. Arrangers are Handelsbanken, Danske Bank, Pohjola Bank, Swedbank, Royal Bank of Scotland, JP Morgan, and BNP Paribas.

Nordea is the Facility Agent and the Documentation Agent for this facility.

For further information:

Investors:  Tamara Weinert
tel. +358 9 421 2438, mob. +358 40 751 7194

Media: Saara Tahvanainen
tel. +358 9 421 3265, mob. + 358 40 589 0223

Outokumpu Group

Outokumpu is the global leader in stainless steel and high performance alloys. 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 16 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com



distributed by