Outokumpu to redeem in full €250 million 4 1/8% notes on Dec. 7

By Mary-Katherine Stinson

Lexington, Ky., Nov. 4 – Outokumpu Oyj will redeem in full its €250 million outstanding 4 1/8% rated senior secured fixed-rate notes due 2024 (ISIN: F14000331004) on Dec. 7, according to a company release.

The notes will be redeemed at 101.0313 plus accrued and unpaid interest.

The company will use existing liquidity reserves to finance the redemption.

Outokumpu is an Espoo, Finland-based stainless steel producer.

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