Metso announces tender offer results

Metso announces tender offer results

Metso Corporation's stock exchange release on June 8, 2017 at 11:10 a.m. EET

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the "United States") OR TO ANY U.S. PERSON (AS DEFINED IN THE TENDER OFFER MEMORANDUM) OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

Nordea Bank AB (publ) (the "Offeror") has today announced the results of its invitation to holders of the outstanding €400,000,000 2.750 per cent notes due October 4, 2019 (the "Notes") issued by Metso Corporation (the "Company" or "Metso"), to tender their Notes for purchase by the Offeror for cash on the terms and conditions set out in the Tender Offer Memorandum dated May 30, 2017 (the "Offer").

The Offeror has accepted for purchase, subject to the satisfaction of the New Notes Condition (as defined in the Tender Offer Memorandum), Notes with an aggregate principal amount of € 205,039,000 at a purchase price of €1,067.23 per €1,000 in principal amount of Notes. The purchase price, together with accrued and unpaid interest, will, subject to the satisfaction of the New Notes Condition, be paid to Noteholders whose Notes have been accepted for purchase by the Offeror on the settlement date, which is expected to be June 12, 2017.

Citigroup Global Markets Limited and Nordea Bank AB (publ) act as Lead Dealer Managers and Danske Bank A/S, and OP Corporate Bank plc act as Co-Dealer Managers for the Offer and Citibank N.A., London Branch acts as Tender Agent.

DISCLAIMER:  This announcement must be read in conjunction with the Tender Offer Memorandum. Nothing in this announcement constitutes an offer to buy or the solicitation of an offer to sell securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.