Credit facilities

Revolving credit facility

On April 27, 2016 Outotec signed EUR 60 million Revolving Credit Facility with OP Corporate Bank. The facility has final maturity in January 2020 and it has been put in place to provide Outotec liquidity reserves for general corporate purposes.

EUR 150 million hybrid bond

On March 17, 2015 Outotec decided to issue a EUR 150 million hybrid bond. The coupon rate of the bond is 7.375% per annum. The bond has no specified maturity date but the company may exercise an early redemption option for the first time on March 24, 2021. The settlement date of the bond is March 24, 2016. The hybrid bond will strengthen Outotec’s capital structure and it will be used for the refinancing of existing debt and for Outotec’s general corporate purposes.

EUR 150 million bond     

On September 5, 2013, as a part of Outotec’s long-term financing strategy, the company has resolved to issue a EUR 150 million fixed rate unsecured bond. The funds can be used for general corporate purposes and the arrangement primarily supports the company’s organic and inorganic growth objectives. The bond matures in seven (7) years and pays an annual coupon of 3.75 percent. The bond will be applied to be listed on NASDAQ OMX Helsinki Ltd.

Download the Bond prospectus

R&D loan facility

On September 25, 2012 Outotec signed a EUR 45 million loan facility agreement with European Investment Bank. The purpose of the facility is to provide financing for Outotec's selected research and development programs between 2012-2015. Repayment period is up to 11 years.

Term loan facility

On December 14, 2011 Outotec signed a EUR 100 million term loan facility agreement with Pohjola Bank. The purpose of the facility is to provide financing for acquisitions and general corporate purposes. The first EUR 40 million tranche of the facility is maturing in November 2017 and EUR 60 million has final maturity latest December 2018.

Revolving credit facility

On December 3, 2014 Outotec signed EUR 100 million Multicurrency Revolving Credit Facility. The 5-year facility has been put in place to refinance Outotec's previous EUR 50 million revolving credit facility and to provide Outotec liquidity for general corporate purposes. 

CP Programme

On April 23, 2010 Outotec established a continuous commercial paper program for domestic investors consisting of a principal amount of EUR 100 million.