Riwal renews credit facitlity

Riwal’s new base credit facility, excluding the optional portion, represents an increase of 33% over its previous line, which speaks to the strength of the company and the success of its strategy.  The duration of the facility is 4 years with the option to extend for a 5th year. The additional financing will be used to support Riwal’s international growth strategy, including significant investments in its rental fleet, greenfield expansions, global projects, as well as bolt-on acquisitions.

Norty Turner, Riwal CEO comments: “We are pleased with the renewal of our credit facilities and the support of our current and new banking partners. The facilities will help us to pursue expansionary opportunities and reduce our average fleet age to even lower levels, supporting our vision to deliver the best customer experience and the highest levels of safety.”