SATO Corporation has issued its first US private placement

22 December 2022

SATO Corporation has issued its first US private placement with US and European based investors. The agreement of the five-year EUR 75 million unsecured loan was signed on 22 December 2022. 

The proceeds will be used for Group’s general financing purposes.

For more information, please contact:

SATO Corporation

Markku Honkasalo, CFO, tel. +358 201 34 4226
Henry Lindqvist, Group Treasurer, tel. +358 50 317 2352

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.

In 2021, SATO Group’s net sales totalled EUR 298.3 million, operating profit EUR 304.5 million and profit before taxes EUR 259.4 million. The value of SATO’s investment properties is around EUR 5 billion.