REG - Harworth Group PLC - Harworth expands £275m RCF syndicate

HarworthAnnouncement

26/05/2026 09:15

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RNS Number : 6946F  Harworth Group PLC  26 May 2026

HARWORTH GROUP PLC

('Harworth' or the 'Group' or the 'Company')

 

Harworth expands £275m RCF syndicate to add Barclays

 

Harworth Group plc (LSE: HWG), a leading regeneration, strategic land and
development business, announces that Barclays has joined the syndicate of
three existing relationships banks on its £275 million Revolving Credit
Facility ('RCF') refinanced in November 2025. The facility includes an
uncommitted accordion option, which if exercised would take the RCF to £325
million.

The terms in which Barclays is joining the facility are unchanged, namely a
core margin of 200 basis points over SONIA, with an initial four-year term,
which may be extended to a maximum of five years at Harworth's request,
subject to bank consent. Harworth's existing relationship banks in the
syndicate comprise NatWest, Santander and HSBC.

 

Kitty Patmore, Chief Financial Officer of Harworth, commented: "We are pleased
to welcome Barclays as to our RCF syndicate, adding further depth and quality
to our relationship banking group. Their addition reflects confidence in our
strategy and resilience of our business. This broader funding base enhances
our flexibility to accelerate new site development to meet demand as
opportunities arise, supporting our growth ambitions and unlocking long-term
value realisation while maintaining balance sheet discipline."

 

-ENDS-

 

For further information

 

 Harworth Group plc
 Lynda Shillaw (Chief Executive)             T: +44 (0)114 349 3131

 Kitty Patmore (Chief Financial Officer)     E: investors@harworthgroup.com (mailto:investors@harworthgroup.com)

 Juliana Weiss Dalton (Investor Relations)

 FTI Consulting
 Dido Laurimore                              T: +44 (0)20 3727 1000

 Richard Gotla                               E: Harworth@fticonsulting.com (mailto:Harworth@fticonsulting.com)

 Eve Kirmatzis

 

About Harworth

Harworth Group plc (LSE: HWG), is a leading regeneration and strategic land
owner and developer focused on the Industrial & Logistics (I&L) and
Residential sectors. We own, develop, and manage a portfolio of over 15,000
acres of Strategic Land over 100 sites located throughout the North of England
and Midlands. We specialise in delivering long-term value for all stakeholders
by regenerating large, complex sites, into new I&L developments and
serviced remediated land for sale into the I&L and Residential land
markets. Our long-term through-the-cycle business model is to create
sustainable places, support new homes, jobs and communities where people want
to live and work. Visit www.harworthgroup.com for further information. LEI:
213800R8JSSGK2KPFG21

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