Lemminkäinen decreases the amount of its revolving credit facility
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 7 DECEMBER 2016 AT 9:00 A.M.
LEMMINKÄINEN DECREASES THE AMOUNT OF ITS REVOLVING CREDIT FACILITY
In March 2016, Lemminkäinen agreed on a EUR 260 million revolving credit facility of which EUR 75 million was available when agreed conditions are met. Lemminkäinen has evaluated its capital structure and come to the conclusion that the EUR 75 million part of the revolving credit facility is no longer needed. The company has cancelled this part of the revolving credit facility on 7 December 2016.
The company’s remaining available EUR 185 million committed revolving credit facility is currently undrawn. The revolving credit facility will mature during the first quarter in 2018.
Lemminkäinen announced the amended terms of its financial agreement on 23 March 2016.
Ilkka Salonen, CFO
Tel. +358 2071 53304
Nasdaq Helsinki Ltd
Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com