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Outokumpu calls remaining 7¼% senior secured notes due 2021
New York, May 9 – Outokumpu Oyj will redeem its remaining €202.5 million of 7¼% senior secured notes due 2021, according to a news release.
The debt will be repaid on June 18 at 105.438% of par plus accrued interest.
Completion of the redemption is conditioned on the company raising at least €150 million of new financing.
Outokumpu previously redeemed €25 million of the original €250 million of notes in June 2017 and a further 10%, or €22.5 million, in December 2017.
Outokumpu is an Espoo, Finland-based stainless steel producer.
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