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Insider information: SATO Corporation increases private placement maturing in 2030 by EUR 250 million as a new private placement

Written by Customer Service on . Posted in Public Companies.

SATO Corporation, Stock Exchange Release 29 August 2024 at 5:15 pm

SATO Corporation issues EUR 250 million unsecured notes as a private placement. The new notes issued are under the company’s EMTN programme and increase to the private placement maturing on 12 June 2030 (ISIN XS2188664259). The issue price of the new notes is 88.538% and the issue date 5 September 2024. The funds will be used for the refinancing of the Company’s existing indebtedness as well as for general corporate purposes.

OP Corporate Bank plc acted as the dealer of the bond issue.

For more information, please contact:

Markku Honkasalo, CFO, phone: +358 201 134 4226

Henry Lindqvist, Group Treasurer, phone +358 50 317 2352

DISTRIBUTION: Euronext Dublin, www.sato.fi/en

SATO Corporation is an expert in sustainable rental housing and one of Finland’s largest rental housing providers. SATO owns around 25,000 rental homes in the Helsinki Metropolitan Area, Tampere and Turku.

SATO aims to provide an excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services. We promote sustainable development and work in open interaction with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We increase the value of our assets through investments, divestments and repairs.

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