LEMMINKÄINEN CORPORATION INVESTOR NEWS 20 MARCH 2017 AT 12:15 P.M.
LEMMINKÄINEN HAS SIGNED A NEW COMMITTED REVOLVING CREDIT FACILITY
Lemminkäinen Corporation has signed a new EUR 200 million committed revolving credit facility. The facility will mature during the first quarter in 2020 with options for two one year extensions. The coordinating bank for the facility was OP Corporate Bank plc, and the other mandated lead arrangers and lending banks are Danske Bank, Nordea Bank AB (publ), Finnish Branch and Swedbank AB (publ).
The revolving credit facility includes two financial covenants reviewed on a quarterly basis: equity ratio and net debt to EBITDA ratio. The facility is unsecured.
Simultaneously, Lemminkäinen cancels the current EUR 185 million committed revolving credit facility that would have matured during the first quarter in 2018.
Lemminkäinen’s committed revolving credit facility is currently unused.
Ilkka Salonen, CFO
Tel. +358 2071 53304
Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com