YIT extends the maturity of its committed revolving credit facility by one year
YIT has agreed to extend EUR 255 million of its EUR 300 million committed revolving credit facility with one year to August 2022.
The extensions of the maturity support the existing excellent liquidity position of YIT. YIT’s liquidity position was further strengthened with the cash proceeds of approximately EUR 285 million received from the closing of the sale of paving and mineral aggregates businesses on April 1, 2020. The revolving credit facility is undrawn.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, email@example.com
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50 564 0920, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, key media, www.yitgroup.com
YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, 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