Outokumpu - Voluntary total redemption of rated senior secured fixed rate notes due in 2021

Outokumpu Oyj
Stock exchange release
May 9, 2018 at 3.00 pm EEST

Outokumpu – Voluntary total redemption of rated senior secured fixed rate notes due in 2021

Outokumpu Oyj announces that it will, subject to securing new financing, redeem in full its outstanding 7.250 percent rated senior secured fixed rate notes due in 2021 (ISIN FI4000210646, OUTJO72521) on the redemption date of June 18, 2018 in accordance with the terms and conditions of the notes. The notes are listed on the official list of Nasdaq Helsinki Ltd.

The completion of the redemption is conditional on Outokumpu securing the availability of the new financing for at least EUR 150 million. Outokumpu will confirm the fulfilment of the new financing condition through a stock exchange release as soon as feasible after the availability of the new financing is confirmed and, in any case, no later than one business day prior to the redemption date.

The current outstanding nominal amount of the notes is EUR 202.5 million. On the redemption date, Outokumpu will pay the holders of the notes a redemption price equal to 105.438 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.

Formal notice of redemption will be delivered to the noteholders in accordance with the terms and conditions of the notes.

For more information:

Investors: Juha Hakala, Group Treasurer, tel. +358 40 533 2536 or Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288

Media: Corporate communications, tel. +358 9 421 3840

Outokumpu Group

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