Ramirent Plc Stock Exchange Release 7 February 2019 at 12.00
Ramirent Plc has signed a EUR 185 million syndicated credit facility agreement today. The maturity of the revolving credit facility is five years with two one-year extension options.
The credit facility will be used to re-finance a syndicated credit facility of EUR 145 million that was set to mature in 2020 and to further support Ramirent’s growth strategy.
“We are pleased to have successfully syndicated and signed this new credit facility with our relationship banks. With our strong balance sheet and solid commitment from our lenders, we are well positioned to continue delivering on our strategy and seek profitable, capital efficient growth in our core equipment rental business,” says Petteri Järvinen, Group Treasurer of Ramirent.
The syndicate lead arrangers are Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc.
Ramirent has committed to long-term senior credit facilities of EUR 485 million in total and a short-term unsecured bond of EUR 100 million. On 30 September 2018, Ramirent’s net debt was EUR 369.9 million.
For further information:
Petteri Järvinen, Group Treasurer, Ramirent Plc, tel. +358 (0)20 750 2849
RAMIRENT is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have 2,800 co-workers at 290 customer centers across 10 countries in northern and eastern Europe. In 2017, Ramirent Group sales reached a total of EUR 724 million. Ramirent is listed on Nasdaq Helsinki. Ramirent – Gear Up. Equipment rental at your service
Distribution: Nasdaq Helsinki, the main media, www.ramirent.com