Ramirent refinances credit line
Ramirent has signed up to a new €185 million five year revolving credit facility agreement today. The maturity date of 2024 has two one year extension options and will be used to re-finance a current €145 million credit facility that was due to mature next year.
The syndicate lead arrangers for the new credit line are Danske Bank, Nordea Bank and OP Corporate Bank. Net debt as of the end of September €369.9 million. Long-term senior credit facilities total 485 million with a short term unsecured bond of €100 million.
Group treasurer Petteri Järvinen said: "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."