Kojamo plc Press Release, 7 January 2021 at 1:00 p.m. EET
Kojamo signed EUR 75 million Revolving Credit Facility linked to its sustainability targets
Kojamo plc has signed a new committed EUR 75 million Revolving Credit Facility with Danske Bank A/S, Finland Branch. 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 55 million unsecured Revolving Credit Facility from Danske Bank, maturing in 2021.The margin of the Revolving Credit Facility is linked to Kojamo’s key sustainability targets. “We published our sustainability programme in the beginning of December, and this is the first financing arrangement tied to the goals of our sustainability programme. Linking the company’s financing with achieving our sustainability targets highlights our commitment to promote sustainability, says Niina Saarto, Group Treasurer at Kojamo.
Responsibility and sustainable development is one of the key areas in Kojamo’s strategy. Launched in December, the sustainability programme brings together the company’s long-term sustainability efforts as practical goals and measures. 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, Kojamo plc, tel. +358 20 508 3283
Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. 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 kojamo.fi/en/