Kojamo plc Press Release, 11 March 2022 at 13:00 EET
Kojamo signed EUR 100 million Revolving Credit Facility linked to its sustainability targets with Swedbank
Kojamo plc has signed a new committed EUR 100 million Revolving Credit Facility with Swedbank AB (publ). The Revolving Credit Facility is unsecured and has a maturity of three years with two one-year extension options. The credit facility will be used for general corporate purposes and it will replace EUR 100 million unsecured Revolving Credit Facility from Swedbank, maturing in 2022.
The margin of the Revolving Credit Facility is linked to Kojamo’s key sustainability targets related to the energy efficiency of new buildings as well as to the reduction of carbon footprint of the property portfolio. Responsibility and sustainable development is one of the key areas in Kojamo’s strategy, and the financing arrangement made with Swedbank highlights our commitment to achieving the goals set out in the sustainability programme. Kojamo wants to take action to restrain climate change by improving the energy consumption of its property portfolio and reducing its carbon footprint, and the company aims to use carbon-neutral energy in its properties by 2030.
For more information, please contact
Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225
Niina Saarto, Group Treasurer, Investor Relations, Kojamo plc, tel. +358 20 508 3283
Kojamo is Finland’s largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/