Pihlajalinna Oyj

Capital/Financing Update • Jun 18, 2024

Insider information: Pihlajalinna signed EUR 170 million sustainability-linked loan facilities agreement

Pihlajalinna Plc Insider Information 18 June 2024 at 9:00 a.m.

Insider information: Pihlajalinna signed EUR 170 million sustainability-linked loan facilities agreement

Pihlajalinna Plc has signed an unsecured EUR 170 million sustainability-linked loan facilities agreement with two of its partner banks. The agreement includes a EUR 110 million term loan for refinancing the Group's existing indebtedness, and a revolving credit facility of EUR 60 million for general corporate purposes. The financing agreement is for three years and includes two option years. The financing arrangement, which replaces the EUR 200 million loan agreement signed in March 2022, includes the same customary covenants as previous financing arrangement.

The loan margin is connected also to Pihlajalinna's main sustainability targets: patient satisfaction, access to surgical treatment and employee satisfaction.

– Our determined efforts to strengthen our profitability and financial position enabled us to refinance as we had planned, and we are satisfied with the terms of the loan. Our financing costs remain at the level of the previous financing agreement. As a continuation of our previous sustainability-linked loan, the signed agreement emphasizes our commitment to continuously improving the impact of our operations. I thank our partner banks for the continued cooperation, says Tarja Rantala, CFO of Pihlajalinna.

The mandated lead arrangers of the syndicated facilities agreement are OP Corporate Bank and Danske Bank. OP Corporate Bank acted as the Coordinator, Sustainability Coordinator and Agent. Nordhaven Corporate Finance acted as financial advisor for Pihlajalinna.

Pihlajalinna Plc

Further information:

Tarja Rantala, CFO tel. +358 40 774 9290, tarja.rantala@pihlajalinna.fi

Distribution:

Nasdaq Helsinki Ltd. Key media investors.pihlajalinna.fi

Pihlajalinna in brief

Pihlajalinna is one of the leading providers of private healthcare and social services in Finland. The Group provides comprehensive and quality private clinic and hospital services as well as occupational healthcare and insurance cooperation services. To the wellbeing services

counties Pihlajalinna offers social and healthcare service production models, in which the cooperation between the public and private sectors guarantees effective services for citizens. Appoximately 7,000 employees and 2,200 practitioners work at Pihlajalinna. In 2023, Pihlajalinna's revenue was 720 million euros. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. Read more www.pihlajalinna.fi.