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GC Asia
Outokumpu takes Eu300m increase at signing
Finnish stainless steel group Outokumpu has signed banks into its Eu900m revolver, after the transaction raised over Eu350m in the market. The refinancing was increased from Eu600m and attracted 12 lenders, after the borrower’s existing Nordic and non-Nordic banks joined the deal.
Outokumpu finally opted for an increase to Eu900m, scaling back from the total Eu950m raised in syndication when the books closed two weeks ago. Nordea coordinated the transaction, and the bank was a bookrunner and mandated lead arranger along with ABN Amro (RBS), Bank of Tokyo-Mitsubishi UFJ, BNP
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