SATO signs €75 million sustainability-linked loan with OP Corporate

By Marisa Wong

Los Angeles, Dec. 14 – SATO Corp. and OP Corporate Bank plc have agreed on a bilateral loan of €75 million without asset-based securities, according to a press release.

The margin is linked to SATO achieving its main sustainability targets.

The seven-year loan agreement was signed in Helsinki on Dec. 13.

Cash proceeds will be used for the group’s general financing purposes.

SATO is a rental housing provider in Finland.

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