SRV GROUP PLC STOCK EXCHANGE RELEASE 2 JUNE 2025 AT 09:30
SRV Group Plc has agreed on a revolving credit facility of EUR 40 million tied to sustainability objectives
SRV Group Plc has agreed on a committed, unsecured revolving credit facility (RCF) amounting to EUR 40 million with its key lenders (OP, Swedbank, Danske Bank, Nordea). The RCF matures in three years with an optional one-year extension. It replaces the previous committed, unsecured revolving credit facility amounting to EUR 40 million signed in April 2023.
The interest margin of the revolving credit facility is tied to two of SRV’s key sustainability objectives: the emission intensity of indirect emissions (Scope 3) and the lost time injury frequency (LTIF). The financial covenants include equity ratio, net gearing, the ratio of interest-bearing net debt to EBITDA, and minimum liquidity.
“I want to thank our financing banks for the good cooperation. The new revolving credit facility will form the backbone of our liquidity for the next three years,” says SRV’s CFO Jarkko Rantala. “SRV’s strategy is strongly based on lifecycle-wise construction, and a safe working environment is the foundation of our operations, so it is natural that we have tied the interest margin of the RCF to climate change mitigation and occupational safety.”
For further information, please contact:
Jarkko Rantala, CFO, tel. 040 674 1949, jarkko.rantala@srv.fi
Distribution:
Nasdaq Helsinki
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SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the well-being of both the environment and people into consideration. We call this approach life-cycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2024, our revenue totalled EUR 745.8 million. In addition to approximately 800 in-house staff, we have a network of around 3,200 partners.
SRV – Building for life