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YIT Oyj — Capital/Financing Update 2021
Oct 27, 2021
3249_rns_2021-10-27_02759c78-e1f4-4ce1-a8fb-bacad271255c.html
Capital/Financing Update
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YIT extends the maturity of its credit facility by one year and links it to sustainability targets
YIT extends the maturity of its credit facility by one year and links it to sustainability targets
YIT Corporation Stock exchange release 27 October 2021 at 5:45 p.m.
YIT extends the maturity of its credit facility by one year and links it to
sustainability targets
YIT has agreed with OP Corporate Bank plc on a one-year extension of its EUR 50
million credit facility. The new maturity date for the EUR 50 million credit
facility is in November 2023. The margin of the facility is impacted by,
positively or negatively, the success in regard to two sustainability targets
which are measured with the following indicators: lost time injury frequency
rate, LTIF (including own personnel and partners), and emission intensity of the
Group's own operations (CO2 emissions per EUR millions of revenue, tCO2e/revenue
EUR million).
The link to sustainability targets is another step in the progress in reaching
YIT’s ESG goals. The extension of the loan lengthens the maturity structure of
the loans and supports YIT’s existing strong balance sheet position.
For further information:
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, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European urban developer and
construction company. Our goal is to create more sustainable, functional and
attractive cities and living environments. We develop and build apartments,
business premises and entire areas. We also specialise in demanding
infrastructure construction. We own properties together with our partners, which
supports the implementation of our significant development projects. We also
provide our customers with services that increase the value of properties. We
employ approximately 7,400 professionals in ten countries: Finland, Russia,
Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and
Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's
share is listed on Nasdaq Helsinki Oy. www.yitgroup.com