YIT - Company Announcement

YIT signed a EUR 300 million revolving credit facility

Helsinki, Finland, 2014-10-20 14:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION   
   STOCK EXCHANGE RELEASE OCTOBER 20, 2014 AT 3.00 P.M. 



YIT signed a EUR 300 million revolving credit facility

YIT has signed a new EUR 300 million syndicated unsecured revolving credit
facility with its core banks to refinance the bilateral revolving credit
facilities maturing in 2015 and 2016 granted by the same group of banks. 

The committed credit facility matures on January 2, 2018 and has two financial
covenants: equity ratio (IFRS) must be above 25.0% and gearing (IFRS) must be
below 150.0%. The covenant concerning gearing (IFRS) is removed if YIT's
gearing (IFRS) is below 100.0% for two consecutive quarters. The facility will
be used as a reserve for general corporate purposes. 

The mandated lead arrangers and bookrunners for the facility include
Handelsbanken, Danske Bank, Nordea Bank, Pohjola Bank, SEB and Swedbank. SEB
and Pohjola acted as the co-ordinators for the facility. 



For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, +358 50 390
6750, sanna.kaje@yit.fi 

Jukka Kalliomäki, Group Treasurer, YIT Corporation, +358 50 313 3228,
jukka.kalliomaki@yit.fi 



YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations



Distribution: NASDAQ OMX, Major media, www.yitgroup.com



YIT is a construction industry leader. We create better living environments in
Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over
100 years of experience have secured for us a strong market position: We are
the largest housing developer and one of the largest business premises and
infrastructure developers in Finland, and the most significant foreign housing
and area developer in Russia. Our vision is to stay one step ahead - while
caring for our customers, partners and personnel. We have more than 6,000
employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9
billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com