Outokumpu has signed a new unsecured EUR 800 mln (USD 926 mln) revolving credit facility, replacing its existing and currently unused EUR 700 mln facility. The new credit line will be available for general corporate purposes.
The facility matures in February 2030 and includes two optional 12-month extensions. Its margin is tied to Outokumpu’s progress on emission reductions aligned with its 2030 targets approved by the Science Based Targets initiative (SBTi).
BNP Paribas, Credit Agricole, Danske Bank, Nordea, OP Corporate Bank, SEB, Swedbank, and UniCredit Bank Austria acted as Mandated Lead Arrangers and Bookrunners, with Danske Bank and Nordea serving as Joint Coordinators.
Outokumpu, a global leader in sustainable stainless steel, operates the Tornio plant with an annual melting and hot-rolling capacity of 1.65 mln tons and cold-rolling capacity of 1.2 mln tons. The company also runs an extensive network of production facilities across Europe and the Americas.
1 USD / 0.86 EUR
