Stock Exchange release June 10, 2009 10:00:00 AM CET
Metso obtained EUR 200 million of long-term funding
Metso Corporation's company release on June 10, 2009 at 11 a.m.
Metso Corporation has made a placement of 5-year bonds to a group of European investors under Metso's EMTN program. In order to accommodate investor preferences the overall issue size is EUR 300 million. Out of this total, and considering Metso's actual funding needs, its 100% owned subsidiary Metso Capital Ltd has subscribed EUR 100 million for potential resale after an 18-month lock-up period. The notes carry a fixed interest coupon of 7.25%. Issue date is June 10, 2009. Application is being made to list these notes on the Luxemburg Stock Exchange.
The funding is primarily to refinance Metso's existing debt and to extend maturity structure. Metso has done other smaller 4-5 year debt transactions earlier this year amounting to EUR 165 million. New funding altogether exceeds the repayments of long-term debt falling due during the two and a half year period from the beginning of 2009.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,000 employees in more than 50 countries. www.metso.com
For further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso, tel. +358 20 484 3195
Johanna Henttonen, Vice President, Investor Relations, Metso, tel. +358 20 484 3253
Executive Vice President and CFO
Vice President, Group Communications
NASDAQ OMX Helsinki Ltd