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SATO Corporation signs a EUR 150 million unsecured term loan facility with OP Corporate Bank
GlobeNewswire·2025-06-03 06:00

Group 1 - SATO Corporation has signed a EUR 150 million sustainability linked loan facility with OP Corporate Bank plc, which is unsecured and has a tenor of four years with a one-year extension option [1] - The loan will be utilized for refinancing existing indebtedness and for general financing needs, with the loan margin linked to SATO's key sustainability targets [1] - SATO is one of Finland's largest rental housing providers, owning around 26,000 rental homes in major cities including Helsinki, Tampere, and Turku [2] Group 2 - SATO focuses on sustainable rental housing and aims to provide excellent customer experience with a comprehensive range of urban rental housing alternatives [2] - The company promotes sustainable development and engages in open interaction with stakeholders [2] - SATO celebrates its 85th anniversary in 2025, emphasizing its long-term investment strategy and commitment to increasing asset value through various means [3]