Ramirent Plc’s revolving credit facility agreement with Skandinaviska Enskilda Banken AB has been refinanced and set to mature in 2016, the Finland-based equipment rental company said. The multicurrency credit facility of €75 million will be used for general business needs and as a back-up for Ramirent’s domestic commercial paper program.
After refinancing, Ramirent has committed long-term senior credit facilities of €415 million. Its net debt, as of Sept. 30, was €230.3 million.
Ramirent is headquartered in Vantaa, near Helsinki, Finland. It has operations in 10 Scandinavian, Central and Eastern European countries.