Supplement to the release published on 12 February 2024: YIT’s committed revolving credit facility acceded in security arrangement
YIT Corporation Stock Exchange Release 14 February 2024 at 10:15 a.m.
Supplement to the release published on 12 February 2024: YIT’s committed revolving credit facility acceded in security arrangement
YIT published a stock exchange release on 12 February 2024 regarding the accession of its EUR 300 million committed revolving credit facility in the security arrangement agreed in connection with the financing agreement announced on 21 November 2023. The release in full states:
YIT’s EUR 300 million committed revolving credit facility has today acceded in the security arrangement agreed in connection with the financing agreement announced on 21 November 2023. Committed revolving credit facility was unsecured before this. The security arrangement has been concluded taking into account the restrictions in other financing agreements.
YIT supplements its previous release as follows:
The enforced security arrangement, whereby the EUR 140 million financing agreement announced on 21 November 2023 and the company's EUR 300 million committed revolving credit facility are, in accordance with financial market practice, placed in the same collateral position, does not affect the company's liquidity or financial position. The EUR 300 million committed revolving credit facility will remain fully available to the company. As announced on 9 February 2024, EUR 220 million of the committed revolving credit facility was unused at the end of the fourth quarter of 2023.
YIT Corporation
Tuomas Mäkipeska
CFO
Distribution: Nasdaq Helsinki, principal media, www.yitgroup.com
YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
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