New EUR 75 million syndicated term loan facility for Ramirent Plc

Vantaa, Finland, 2016-09-30 13:00 CEST (GLOBE NEWSWIRE) —
 

Ramirent Plc               Company announcement                  30 September 2016 at 2:00 pm EET

                                                               

Ramirent Plc has today signed a EUR 75 million syndicated term loan facility agreement to re-finance a short-term term loan facility of EUR 75 million.

The new credit facility is set to mature in 2022.

The syndicate lenders include Danske Bank Plc, Nordea Bank Finland Plc, OP Corporate Bank Plc and Varma Mutual Pension Insurance Company.

After the refinancing, Ramirent has committed long-term senior credit facilities of EUR 495 million. On 30 June 2016, Ramirent’s net debt was EUR 354.4 million.

 

FURTHER INFORMATION:
Petteri Järvinen, Group Treasurer, tel. +358 (0)20 750 2849

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Ramirent is a leading equipment rental group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent has operations in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent Group sales totalled EUR 636 million. The Group has 2,654 employees in 288 customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More than machines®.