Finland’s Outokumpu mulls €200 million five-year secured notes offering for debt refinancing

By Paul A. Harris

Portland, Ore., June 6 – Outokumpu oyj announced in a Monday press release that it is considering issuing €200 million of five-year fixed-rate senior secured notes.

Danske Bank A/S and Nordea Bank Finland plc are the coordinators and lead managers for the offering. OP Corporate Bank plc, Skandinaviska Enskilda Banken AB, Svenska Handelsbanken and Swedbank AB are also lead managers.

The Espoo, Finland-based stainless steel producer plans to use the proceeds primarily to prepay debt.

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