REG - Grainger PLC - Grainger extends core banking facility to 2033

GraingerAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260511:nRSK7060Da&default-theme=true

RNS Number : 7060D  Grainger PLC  11 May 2026

11 May 2026

Grainger plc

("Grainger" or the "Company")

Grainger extends core banking facility to 2033 at improved margins,

saving c.£1m in finance costs annually

 

Grainger, the UK's largest listed residential landlord and leader in Build to
Rent, today announces that it has agreed an extension on £540m of its core
banking facilities to 2033 with AIB, Barclays, HSBC and NatWest.

The extensions further strengthen the company's balance sheet with weighted
average facility maturity including extension options increasing to 4.6 years.

The extensions were agreed at lower margins, resulting in an annual saving of
c.£1m in finance costs.

This is in line with Grainger's previously stated plan to deleverage by
£300-350m by FY29, targeting an LTV of 30% and Net Debt to EBITDA of 8x.

- ENDS -

For further information, please contact:

 

Investor relations

Kurt Mueller, Grainger plc:
 
+44 (0) 20 7940 9500

 

Media

Ginny Pulbrook / Geoffrey Pelham-Lane, Camarco:
                    +44 (0) 20 3757 4992 / 4985

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAKSEFANKEFA



            Copyright 2019 Regulatory News Service, all rights reserved