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Management Side
Technical Side
Metso Obtains EUR 200 Million of Long-term Funding
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Helsinki, Finland, 10 June 2009 -- Metso Corporation has made a placement of five-year bonds to a group of European investors under Metso’s Euro Medium-Term Note program. To accommodate investor preferences, the overall issue size is EUR 300 million. Out of this total, and considering Metso’s actual funding needs, its 100% owned subsidiary Metso Capital Ltd has subscribed EUR 100 million for potential resale after an 18-month lock-up period. The notes carry a fixed interest coupon of 7.25%. Issue date is 10 June 2009. Application is being made to list these notes on the Luxemburg Stock Exchange.

The funding is primarily to refinance Metso’s existing debt and to extend maturity structure. Metso initiated smaller 4-5 year debt transactions earlier this year amounting to EUR 165 million. New funding altogether exceeds the repayments of long-term debt falling due during the two and a half year period from the beginning of 2009.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling, and the pulp and paper industries. The company has about 28,000 employees in more than 50 countries. Additional information is available at www.metso.com.
 


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