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Voluntary total redemption of Outokumpu Oyj rated senior secured fixed rate notes due in 2024

4 November 2021

Reference is made to Outokumpu Oyj (the “Issuer”) rated senior secured fixed rate notes due in 2024 (ISIN FI4000331004, OUTJ412524) (the “Notes”).

We hereby wish to inform you that the Issuer has given notice to the Noteholders, of premature redemption of the Notes in accordance with this stock exchange release from the Issuer.

The Notes will be redeemed in full on December 7, 2021 (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 current outstanding nominal amount of the Notes is EUR 250 million. On the Redemption Date, the Issuer will pay the holders of the Notes a redemption price equal to 101.0313 percent of the outstanding principal amount of each Note and all accrued and unpaid interest on such principal amount in accordance with the terms and conditions of the Notes.

The redemption amount will be paid automatically to the noteholders in accordance with the terms and conditions of the Notes.

For further information;

The Noteholders’ Agent:

Intertrust (Finland) Oy

Anne-Marie Malmberg

Tel: +358 50 337 7919

Email: finland@intertrustgroup.com with copies to anne-marie.malmberg@intertrustgroup.com

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