SATO Corporation Signs a Total of EUR 350 Million Committed Revolving Credit Facilities

SATO Corporation (SATO) strengthened its liquidity position by signing a total of EUR 350 million committed revolving credit facilities with Nordea Bank Oyj, Danske Bank A/S, Finland Branch, OP Corporate Bank plc, Swedbank AB (publ), Svenska Handelsbanken AB (publ), Branch Operation in Finland.

The new credit facilities without asset-based securities have a maturity of three years with two one-year extension options and the margin is linked to achieving SATO’s main sustainability targets. The facilities are used for refinancing SATO’s existing credit facilities maturing in June 2021 and June 2023.

For more information, please contact:

SATO Corporation

Group Treasurer Janne Runsamo, tel. +358 201 34 4009
CFO Markku Honkasalo, tel. +358 201 34 4226