YIT signed a EUR 200 million revolving credit facility
YIT Corporation Stock Exchange Release October 25, 2016 at 15:30 p.m.
YIT has signed a new EUR 200 million syndicated unsecured revolving credit facility with its core banks to refinance the syndicated EUR 300 million unsecured revolving credit facility maturing 2018.
The committed credit facility matures on January 2, 2020 and has two financial covenants: equity ratio (IFRS) must be above 25.0% and gearing (IFRS) must be below 150.0%. The facility will be used as a reserve for general corporate purposes and the size of the new facility is regarded as sufficient for this purpose.
The parties participating in the syndication of the facility are Handelsbanken, Danske Bank, Lähitapiola, OP Corporate Bank, SEB and Swedbank. OP Corporate Bank acted as the co-ordinator for the facility.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, +358 040 5666 070, email@example.com
Jukka Kalliomäki, Vice President, Group Treasurer, YIT Corporation, +358 50 313 3228, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com