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, tommi.jarvenpaa@yit.fi
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50 564 0920, karo.nukarinen@yit.fi
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