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YIT Oyj — Capital/Financing Update 2020
Jun 4, 2020
3249_rns_2020-06-04_f44a7d34-064c-46f8-8d4d-6ef4aad3df75.html
Capital/Financing Update
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YIT extends the maturity of its committed revolving credit facility by one year
YIT extends the maturity of its committed revolving credit facility by one year
YIT Corporation Stock exchange release June
4, 2020 at 5:15 p.m.
YIT extends the maturity of its committed revolving credit facility by one year
YIT has agreed to extend EUR 255 million of its EUR 300 million committed
revolving credit facility with one year to August 2022.
The extensions of the maturity support the existing excellent liquidity position
of YIT. YIT’s liquidity position was further strengthened with the cash proceeds
of approximately EUR 285 million received from the closing of the sale of paving
and mineral aggregates businesses on April 1, 2020. The revolving credit
facility is undrawn.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358
40 576 0288, [email protected]
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50
564 0920, [email protected]
YIT Corporation
Tommi Järvenpää
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, key media,
www.yitgroup.com (https://www.yitgroup.com/en)
YIT is the largest Finnish and a significant North European construction company
and urban developer. We develop and build apartments and living services,
business premises and entire areas. We are also specialised in demanding
infrastructure construction. Together with our customers, our nearly 8,000
professionals are creating more functional, attractive and sustainable cities
and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the
Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was
approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq
Helsinki Oy. www.yitgroup.com (https://www.yitgroup.com/en)