YIT successfully issues EUR 120 million green senior secured notes

YIT Corporation Stock Exchange Release 13 March 2025 at 5:55 p.m.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

YIT successfully issues EUR 120 million green senior secured notes

YIT Corporation (“YIT”) issues new EUR 120 million green floating rate senior secured notes (the “New Notes”). The tenor of the New Notes is 3 years and they mature on 20 March 2028. The New Notes carry a margin of 4.75 per cent per annum over 3 months Euribor. The issue price of the New Notes is 100 per cent. The investor demand for the New Notes was strong, underlining the trust for YIT among investors. The New Notes were allocated to a mix of domestic and international investors.

“I am pleased with the successful transaction as part of our regular refinancing and extending the average debt maturity. The transaction highlights the capital market's continued confidence in YIT and the outlook for our business”, says Tuomas Mäkipeska, CFO at YIT.

YIT will apply for a listing of the New Notes on Nasdaq Helsinki Ltd.

The New Notes will be secured by transaction security granted by YIT and certain group companies which currently also secures the existing EUR 249 million revolving credit facility of YIT (the “Revolving Credit Facility”), the EUR 98 million term loan facility of YIT (the “Term Loan Facility”), the EUR 100 million senior secured green fixed-rate notes due 2026 (the “2026 Notes”) and the EUR 100 million senior secured green floating rate notes due 2027.

YIT intends to use the net proceeds of the issue of the New Notes for (i) the refinancing of the 2026 Notes, (ii) partial prepayment of the Term Loan Facility, and (iii) partial prepayment and partial cancellation of the Revolving Credit Facility. An amount equivalent to the net proceeds from the issue of the New Notes will be used for the financing or refinancing of eligible green projects or assets or otherwise in accordance with YIT’s Green Finance Framework dated 30 April 2024.

Danske Bank A/S, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) act as Global Coordinators and Joint Bookrunners, and Swedbank AB (publ) acts as a Joint Bookrunner for the issue of the New Notes.

Further information, please contact:

Markus Pietikäinen, SVP, Treasury and M&A, YIT Corporation, tel. +358 40 525 3024, [email protected]

YIT CORPORATION

Tuomas Mäkipeska
CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. No actions have been taken to register or qualify the New Notes, or otherwise to permit a public offering of the New Notes, in any jurisdiction.

This communication does not constitute an offer of New Notes for sale in the United States. The New Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States, and the New Notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, within the United States or to, or for the account or benefit of, any U.S. person (as such terms are defined in Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of New Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the New Notes. Consequently, this communication is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000 as amended, do not apply and are solely directed at persons in the United Kingdom who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) of the Order, or (iii) are other persons to whom it may be otherwise lawfully communicated (all such persons together being referred to as “relevant persons”). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.