YIT successfully issues EUR 100 million secured green notes
Summary
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 Corporation (YIT) issues new EUR 100 million green floating rate senior secured notes (the New Notes). The New Notes were allocated to a balanced mix of domestic and international investors.This was an important transaction in proactively managing our upcoming debt redemptions and extending the average debt maturity profile. I am pleased about the issuance of the notes under our new Green Finance Framework, further mobilising debt capital to support YIT in efforts to reach our climate and sustainability targets, says Tuomas M\xe4kipeska, 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 300 million revolving credit facility and the existing EUR 140 million term loan facility of YIT, including, among other things, the shares in the main operating subsidiaries YIT Housing Oy, YIT Business Premises Oy and YIT Infra Oy. The net proceeds of the issue of the New Notes will be used for financing or refinancing eligible green projects or assets or otherwise in accordance with YITs Green Finance Framework dated 30 April 2024.Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc act as Global Coordinators and Joint Bookrunners and Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) act as Joint Bookrunners for the issue of the New Notes.Further information, please contact: Markus Pietik\xe4inen, SVP, Treasury and M&A, YIT Corporation, tel. YIT Corporations shares are listed on Nasdaq Helsinki.Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I FacebookThe 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.