YIT Corporation Stock Exchange Release 20 March 2025 at 11:30 a.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.
Listing prospectus for YIT's EUR 120 million green senior secured notes is
available and YIT uses its option to extend maturities of its bank facilities
with one year
YIT Corporation (“YIT”) announced on 13 March 2025 its decision to issue EUR 120
million green floating rate senior secured notes (the “New Notes”). The New
Notes mature on 20 March 2028, and they 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 Finnish Financial Supervisory Authority has today approved the listing
prospectus of the New Notes. The prospectus is available later today in English
on YIT's website at https://www.yitgroup.com/en/investors/financial
-information/debt-investors.
YIT has today submitted an application for the New Notes to be admitted to
trading on the list of sustainable bonds of Nasdaq Helsinki Ltd. Trading on the
New Notes is expected to commence on or about 24 March 2025, under the trading
code YITJVAIH28.
In addition, YIT announces that it has used its conditional option to extend
maturities of its existing revolving credit facility originally dated 22 June
2021 and its term loan facility originally dated 21 November 2023 by one year
until January 2027. YIT's agreement with its main lenders concerning, among
other things, the conditional extension option was announced on 12 March 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, markus.pietikainen@yit.fi
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 (https://www.linkedin.com/company/yit/) I X (https://twitter.com/YITGrou
p) I Instagram (https://www.instagram.com/yitsuomi/) I Facebook (https://www.face
book.com/yitsuomi/)
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.