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09.06.2014

Ramirent refinances

Finnish international rental company Ramirent has refinanced its €145 million revolving credit line, it is now set to mature in 2020.

The previous multi currency facility was due to mature in 2017, the syndicate lenders in the refinanced stand-alone revolving credit facility, include Nordea Bank Finland and Danske Bank.

Chief financial officer Jonas Söderkvist said: "With our strong balance sheet and solid commitment from our lenders, we are well positioned to continue to deliver on our profitable growth strategy".

Ramirent has committed long-term senior credit facilities of €415 million but as of the end of March had a total net debt of € 212 million.

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