Ramirent - Company Announcement

New EUR 175 million syndicated credit facility for Ramirent Plc

RAMIRENT PLC               COMPANY ANNOUNCEMENT                   28 APRIL 2016
at 12:00 

Vantaa, Finland, 2016-04-28 11:00 CEST (GLOBE NEWSWIRE) -- 





Ramirent Plc signed a EUR 175 million syndicated credit facility agreement
today. The maturity of the multicurrency revolving credit facility is five
years with two one-year extension options. 

The credit facility will be used to re-finance a short-term credit facility of
EUR 75 million and for general corporate purposes. 

“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 pursue sustainable
profitable growth," says Pierre Brorsson, CFO of Ramirent. 

The syndicate lead arrangers are Danske Bank Plc, Nordea Bank Finland Plc and
OP Corporate Bank plc. 

Ramirent has committed long-term senior credit facilities of EUR 515 million
and a committed short-term credit facility of EUR 75 million. On 31 December
2015, Ramirent’s net debt was EUR 280.9 million. 



FURTHER INFORMATION:
Petteri Järvinen, Group Treasurer, tel. +358 (0)20 750 2849

DISTRIBUTION:
NASDAQ Helsinki
Main news media
www.ramirent.com

Ramirent is a leading equipment rental group combining the best equipment,
services and know-how into rental solutions that simplify customer’s business.
Ramirent serves a broad range of customer sectors including construction,
industry, services, the public sector and households. Ramirent has operations
in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent
Group sales totalled EUR 636 million. The Group has 2,654 employees in 288
customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki
(RMR1V). Ramirent – More than machines®.