Inside information: SATO Corporation announces results regarding tender offer of outstanding notes due 2028
6 March 2024
SATO Corporation, Stock Exchange Release 6 March 2024 at 10:00 am
SATO Corporation has today announced the results of its invitation to holders of its outstanding EUR 350,000,000 1.375 per cent notes due 24 February 2028 to tender such notes for cash up to an aggregate principal amount of EUR 50 million.
The results are as follows:
ISIN: XS2233121792
Maturity date: 24 February 2028
Issued amount (EUR): 350,000,000
Repurchased amount (EUR): 50,000,000
The expected Settlement Date in respect of the Tender Offer is 8 March 2024. Full details concerning the Tender Offer are set out in the Tender Offer Memorandum.
For more information, please contact:
Markku Honkasalo, CFO, phone: +358 201 134 4226
Henry Lindqvist, Group Treasurer, phone +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.