Debt structure and financing maturity
Debt portfolio on 30 September 2017: 192 M€
Financing maturity 2017–2022
- The company's shareholders' equity includes EUR 34.8 million hybrid bond. Lemminkäinen is entitled to redeem the remaining nominal amount of EUR 35.2 million hybrid bond earliest in March 2018.
- The company also has borrowings of companies included in inventory EUR 65 million, which are recorded in interest-bearing liabilities. These liabilities will be transferred to the buyers of the co-op shares when the units are handed over.
- In addition, the company had available committed credit facilities worth EUR 200 million at the end of the period.
Lemminkäinen's committed revolving credit facility includes specific financial covenants, such as the ratio of net debt to EBITDA and the equity ratio, which are monitored quarterly.
Updated 26 October 2017