SATO Secures Major EUR 250 Million Credit Facility for Growth
SATO Enhances Financial Flexibility with New Credit Facility
SATO Corporation has taken a significant step to strengthen its liquidity by securing a committed revolving credit facility valued at EUR 250 million. This move, in collaboration with its core banking partners, marks an important milestone for the company.
Key Features of the Credit Facility
The newly established credit facility is designed to have a three-year maturity period, with the potential for two one-year extensions. What sets this facility apart is its margin, which is directly tied to SATO's ambitious sustainability targets. This alignment not only supports the company's strategic goals but also reflects a growing trend among corporations to integrate sustainability into their financial operations.
Replacement for Existing Credit Agreements
This new facility will serve as a replacement for SATO's existing credit agreements, which were originally set to mature in December 2025. By opting for this new agreement, SATO is positioning itself to better manage its financial resources and ensure continued growth.
SATO Corporation's Commitment to Sustainability
SATO Corporation, recognized as a leader in sustainable rental housing, operates as one of Finland’s largest rental housing providers. With a portfolio exceeding 26,000 rental homes located primarily in the Helsinki Metropolitan Area, Tampere, and Turku, SATO is dedicated to enhancing the living experience of its residents.
Focus on Customer Experience and Urban Living
The company is devoted to offering a wide range of urban rental housing options that prioritize convenience and access to public transport and essential services. SATO is entrenched in promoting sustainable development, reflecting a commitment to responsible housing developments that benefit both residents and the environment.
Investment for Long-Term Value
SATO's approach to business emphasizes profitable and sustainable investments with a long-term perspective. This strategy enables the company to enhance the value of its assets through targeted investments, smart divestments, and necessary repairs. Through these efforts, SATO aims to ensure its growth trajectory aligns with its operational values and the expectations of its stakeholders.
Expert Leadership and Contact Information
For more information, SATO Corporation's Group Treasurer, Henry Lindqvist, is available at +358 50 3172352. Additionally, CFO Markku Honkasalo can be reached at +358 201 34 422. Both are accessible via their company email for further inquiries regarding SATO's initiatives and financial strategies.
Frequently Asked Questions
What is the amount of the new credit facility signed by SATO?
SATO has secured a committed revolving credit facility of EUR 250 million.
What is the maturity period for SATO's new credit facility?
The credit facility has a primary maturity of three years, along with two options for one-year extensions.
How does the new credit facility relate to sustainability?
The margin of the credit facility is linked to SATO's key sustainability targets, thereby supporting its sustainable development goals.
What type of properties does SATO Corporation provide?
SATO is one of Finland’s largest providers of sustainable rental housing, managing over 26,000 rental homes across multiple cities.
Who can I contact for more information about SATO?
Henry Lindqvist, Group Treasurer, and Markku Honkasalo, CFO, are the key contacts for inquiries regarding SATO's services and financials.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.