15.07.2009

Ramirent ammends credit facility

Finnish based international rental company, Ramirent has negotiated an amendment to its syndicated credit facility agreement.

It now expires in July 2014 and introduces a €100 million syndicated amortising five-year term loan facility to be utilised for repayment of loans maturing in the first half of 2010.

The syndicate lenders include Nordea, Sampo Bank plc and Varma Mutual Pension Insurance Company.

Ramirent has committed credit lines for a total of €410 million, of which net debt accounted for €280 million at the end of March 2009.