Outokumpu has signed an unsecured EUR 800 million revolving credit facility replacing its existing and currently unused unsecured revolving credit facility of EUR 700 million. The proceeds can be used for general corporate purposes of the Group. The new facility matures in February 2030 and includes two 12-month extension options. The margin of the new facility is linked to emission reductions in line with the approved emission reduction target by the Science Based Targets initiative for 2030.
“To ensure sufficient liquidity for the coming years, we are replacing our existing revolving credit facility, with a new unsecured revolving credit facility. We are the sustainability leader in our industry, and to demonstrate commitment to our sustainability targets, we have agreed with the lending banks that the interest margin of the new facility is linked to the reduction of CO₂ emissions”, says Marc-Simon Schaar, chief financial officer at Outokumpu.