Metso Outotec has successfully issued a new bond under its EMTN (Euro Medium Term Note) programme. The EUR 300 million bond will mature in December 2027 and will pay a fixed coupon of 4.875%. There are no financial covenants attached.
The bond will be listed on the Luxembourg Stock Exchange and the proceeds will be used to refinance the existing debt and for general corporate purposes.
The company announced on November 23, 2022, a tender offer on the outstanding bonds maturing in 2024.
“We are pleased with this successful bond transaction, as it shows the confidence of a wide debt investor base in Metso Outotec. This transaction is well in line with our funding strategy, and the new bond alongside the tender offer helps us extend our debt maturity profile”, says Metso Outotec’s Group Treasurer Minna Helppi.
The Lead Managers for the transaction were Citigroup Global Markets Limited, Commerzbank, Nordea, SEB.
For further information, please contact:
Minna Helppi, SVP Group Treasurer, Metso Outotec Corporation, tel. +358 40 772 1024, email: minna.helppi(at)mogroup.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/