Outokumpu Oyj signed EUR 750 million revolving ...

STOCK EXCHANGE RELEASE 1 June 2011 at 4.40 pm EET Outokumpu has today signed a three-year EUR 750 million revolving credit facility, with an option to extend it by one year in June 2012 and 2013. This is a committed credit facility to be used for general corporate purposes and it replaces the comparable three-year facility signed in June 2009. The loan agreement includes a financial covenant based on gearing. Banks acting as Mandated Lead Arrangers and Bookrunners are Nordea, Handelsbanken Capital Markets Svenska Handelsbanken AB (publ.), Danske Bank, Pohjola Bank plc, and Merchant Banking and Skandinaviska Enskilda Banken AB (publ.).The Royal Bank of Scotland plc and Crédit Agricole Corporate and Investment Bank act as Mandated Lead Arrangers and BNP Paribas Corporate and Investment Banking and J.P. Morgan plc as Arrangers. Nordea and Handelsbanken Capital Markets Svenska Handelsbanken AB (publ.) acted as Coordinators. Nordea is the Facility Agent for this facility. For further information please contact: Esa Lager, CFO, tel. +358 9 421 2516 Renny Bång, VP - Finance, tel. +358 9 421 3862, mobile: +358 40 592 6264 OUTOKUMPU OYJ Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com ENG RCF renewal 1.6.2011: http://hugin.info/3010/R/1520765/457081.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Outokumpu Oyj via Thomson Reuters ONE [HUG#1520765]
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