Yit secures a €200 m sustainable credit facility

Finnish real estate developer Yit has signed a new €200 mln sustainability-linked revolving credit facility with its primary lenders. 

YIT Group

This new facility will refinance Yit's current revolving credit facility. Additionally, YIT has amended and restated its existing term loan facility, which currently has an outstanding principal of €30 mln, to ensure its key terms are consistent with the new revolving credit facility.
Both facilities are backed by their existing shared security pool. The new revolving credit facility is set to mature in December 2028, with an option for a one-year extension to December 2029. The existing term loan facility will mature in January 2027. The agreements for these facilities include standard covenants and restrictions on profit distributions.
A key feature of the new revolving credit facility is that its interest margin will fluctuate based on YIT's performance against three sustainability targets. 
These targets are measured by the emission intensity of YIT's own operations (Scope 1 and 2 GHG emissions), the emission intensity of YIT's value chain (Scope 3 GHG emissions), and the lost time injury frequency rate (including partners).