Euroloc gets €120m growth refinancing

By Murray Pollok17 March 2008

Spanish rental company Euroloc has negotiated a seven year, €240 million loan with Banesto and the Bank of Scotland that will refinance its existing debt and give it €120 million additional investment funds.

Euroloc said the loan has been structured to be flexible, allowing it to take into account the variations in the market and the growth of the company over the long term.

“This is the first financial arrangement of this type for an equipment rental company in Spain”, said Euroloc, “and means that Euroloc is operating like the other big rental companies in Europe who have similar financial structures.”

Meanwhile, the company has appointed Joaquin de Entrambasaguas as its new financial director. He has held a number of senior financial positions at companies including Grupo Telefonica and Atento, a European call-centre group.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Himoinsa to launch battery power genset
EHR Battery Power Generator range offers up to zero emissions and lowers fuel costs through efficient energy use
Rental rate rises assist Sunbelt to pre-Covid revenue levels
Sunbelt Rentals’ first quarter revenue up 22% on 2020 and 12% on 2019, partly thanks to increasing rental rates
Husqvarna invests €1m in Anglo-German tech firm
Swedish manufacturer takes equity stake in the software company which maximises augmented reality technology to boost efficiency 
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA