Metso obtained EUR 200 million of long-term funding

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Wed Jun 10, 2009 4:10am EDT

  HELSINKI, FINLAND, Jun 10 (MARKET WIRE) -- 

Metso Corporation's company release on June 10, 2009 at 11 a.m.

    Metso Corporation has made a placement of 5-year bonds to a group of
European investors under Metso's EMTN program. In order 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 June 10, 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 has done other 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. We have about 28,000 employees in more than 50
countries. www.metso.com


For further information, please contact:
Pekka Hoelttae, Senior Vice President, Corporate Treasurer, Metso, tel.
+358 20 484 3195
Johanna Henttonen, Vice President, Investor Relations, Metso, tel.
+358 20 484 3253

Metso Corporation

Olli Vaartimo
Executive Vice President and CFO

Kati Renvall
Vice President, Group Communications

Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com

    
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