Outokumpu has signed a secured EUR 400 million sustainability linked term loan with key lenders

Outokumpu has signed a secured EUR 400 million term loan. The margin of the loan is linked to the total recordable incident frequency rate and carbon dioxide emission per ton of stainless steel produced, both in relation to set targets. The proceeds will be used to refinance short term debt and to other general corporate purposes. The loan matures in June 2023 and it shares the security package e.g. with the syndicated revolving credit facility and with the notes due 2024.

Read more at Outokumpu has signed a secured EUR 400 million sustainability linked term loan with key lenders.

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