YIT has agreed on a new two-year term loan of EUR 50 million
YIT Corporation Investor news March 24, 2020 at 02:15 p.m.
YIT has agreed with Skandinaviska Enskilda Banken AB (publ) on a two-year term loan of EUR 50 million with a maturity date in March 2022. The agreement includes two options for a one-year extension. The loan will be used for payment of the existing EUR 30 million bilateral loan from Skandinaviska Enskilda Banken AB (publ) and for general corporate purposes. The new loan prolongs and balances YIT’s maturity profile and strengthens the company’s balance sheet.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, firstname.lastname@example.org
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50 564 0920, email@example.com
Tommi Järvenpää, Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, 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