SATO Corporation, Stock Exchange Release, 27th May 2019 at 3:00 pm
SATO Corporation (“SATO”) has today announced with the attached announcement results for tender offers for its outstanding EUR 300 million notes issued in 2016 and EUR 300 million notes issued in 2015. The said notes are listed in the Irish Stock Exchange (Euronext Dublin).
As described in the attached announcement, the amount of notes issued in 2016 accepted for purchase pursuant to the tender offer has been set at an aggregate principal amount of EUR 150,000,000 and the amount of notes issued in 2015 accepted for purchase pursuant to the tender offer has been set at an aggregate principal amount of EUR 199,999,000.
For more information, please contact:
SATO Corporation
CFO Markku Honkasalo, tel. +358 201 34 4226
Group Treasurer Janne Runsamo, tel. +358 201 34 4009
SATO is one of Finland's leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2018 SATO owned around 25,900 apartments in Finland's largest growth centres and in St. Petersburg. We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing stock through investments, divestments and repairs. The SATO Group's net sales in 2018 were EUR 290 million, operating profit EUR 273 million and profit before taxes EUR 231 million. The value of SATO's investment properties was roughly EUR 3.9 billion.
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