RAMIRENT PLC HAS REFINANCED CREDIT AGREEMENTS TOTALLING EUR 100 MILLION

Ramirent Plc’s revolving credit facility agreement with Skandinaviska Enskilda Banken AB (publ) Helsinki Branch has been amended from EUR 50 million to EUR 100 million and set to expire in 2014. The multicurrency credit facility is used for general business needs and as a back-up for Ramirent’s domestic commercial paper program.

On 31 March 2011, Ramirent had unused committed back-up loan facilities available of EUR 177.2 million while Net Debt amounted to EUR 190.6 million.

Vantaa, 1 June 2011

 

RAMIRENT PLC
Magnus Rosén
President and CFO

 

Further information:
Jonas Söderkvist, Chief Financial Officer, tel. +358 (0)20 750 3248
Petteri Järvinen, Group Treasurer, tel. +358 (0)20 750 2849

 

DISTRIBUTION:
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Ramirent is a leading equipment rental group delivering Dynamic Rental Solutions™ that simplify business. We serve a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2010, Group sales totalled EUR 531 million. The Group has 3,000 employees, at 378 locations in 13 countries in Northern, Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.