Outokumpu marketing €200 million five-year secured notes; pricing expected Wednesday

By Paul A. Harris

Portland, Ore., June 6 – Outokumpu oyj is in the market with a €200 million offering of five-year fixed-rate senior secured notes, according to a London-based sellside source.

An investor roadshow is underway and is expected to wrap up on Wednesday, with the deal pricing thereafter.

Danske Bank A/S and Nordea Bank Finland plc are the coordinators and lead managers for the offer. 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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