REG - Headlam Group PLC - Debt refinancing secured

HeadlamAnnouncement

27/01/2026 13:30

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RNS Number : 5868Q  Headlam Group PLC  27 January 2026

27 January 2026

Headlam Group plc

('Headlam', the 'Company', the 'Group')

Debt refinancing secured

Headlam (LSE: HEAD), the UK's leading floor coverings distributor, is pleased
to announce an asset-based lending facility ("ABL") replacing our existing
revolving credit facility ("RCF") and uncommitted overdraft.

 

The committed ABL, secured against certain Group assets, has a three year
tenure (to January 2029) with the option to extend for up to two more. The
facility of up to £85m flexes depending on the Group's asset base, with the
intention being that it provides headroom and liquidity as the business needs
evolve. The facility is provided by Barclays Bank plc and Wells Fargo Capital
Finance (UK) Limited.

 

Based on current interest rates it is expected that the Group will pay a
similar rate of interest on the new facility, with similar covenants applying.
 

 

The RCF was due to expire in October 2027.

 

Commenting, Stephen Bird, Interim Executive Chairman, said:

"We are pleased to have secured new financing, for up to five years, and
deliver another important milestone in our transformation plan. We will
provide additional information on our progress and future plans at our full
year results in March."

 

Enquiries

 Headlam Group plc                           Tel: 01675 433 000
 Stephen Bird, Interim Executive Chairman    Email: headlamgroup@headlam.com
 Adam Phillips, Chief Financial Officer

 Panmure Liberum Limited (Corporate Broker)  Tel: 020 3100 2000
 Tom Scrivens / Atholl Tweedie

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain. The person responsible for arranging the release of
this announcement on behalf of the Company is Adam Phillips, Chief Financial
Officer.

 

 

Notes to Editors

Operating for over 30 years, Headlam is the UK's leading floorcoverings
distributor. The Group works with suppliers across the globe manufacturing the
broadest range of products, and gives them a highly effective route to market,
selling their products into the large and diverse trade customer base. The
Group has an extensive customer base, providing them with a market leading
service through the largest product range, in-depth knowledge, ecommerce and
marketing support, and nationwide delivery service. To maximise customer reach
and sales opportunity, Headlam operates businesses, trade brands and product
brands across the UK and Continental Europe (France and the Netherlands),
which are supported by the group's network, central resources and processes.

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