Vantaa, Finland, 2014-06-09 15:21 CEST (GLOBE NEWSWIRE) --
Ramirent Plc's revolving credit facility of EUR 145 million has been refinanced and set to mature in 2020. The multicurrency revolving credit facility was previously part of the syndicated credit facility agreement maturing in 2017. "With our strong balance sheet and solid commitment from our lenders, we are well positioned to continue to deliver on our profitable growth strategy," says Jonas Söderkvist, CFO and EVP Corporate Functions, Ramirent.
The syndicate lenders in the refinanced stand-alone revolving credit facility include Nordea Bank Finland Plc and Danske Bank.
Ramirent has committed long-term senior credit facilities of EUR 415 million. On 31 March 2014, Ramirent’s net debt was EUR 212.0 million.
Vantaa, 9 June 2014
RAMIRENT PLC
Jonas Söderkvist
CFO and EVP, Corporate Functions
FURTHER INFORMATION:
Petteri Järvinen, Group Treasurer, tel. +358 (0)20 750 2849
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NASDAQ OMX Helsinki
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www.ramirent.com
Ramirent is More Than MachinesTM. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industries, services, the public sector and households. In 2013, the Group’s net sales totalled EUR 647 million. The Group has 2,520 employees at 302 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.