Business
Debt refinancing secured
Headlam Group PLC has secured a new £85 million asset-based lending facility with a three-year tenure, extendable for two additional years, replacing its existing revolving credit facility and overdraft. This new facility, provided by Barclays Bank plc and Wells Fargo Capital Finance (UK) Limited, is secured against certain Group assets and is expected to maintain similar interest rates and covenants to the previous arrangements. The company views this as a significant milestone in its transformation plan, providing enhanced liquidity and headroom as business needs evolve. Disclaimer*
About this update from Headlam Group Plc
[{"type":"text","content":"\n\n27 January 2026\nHeadlam Group plc\n('Headlam', the 'Company', the 'Group')\nDebt refinancing secured\nHeadlam (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.\n \nThe 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.\n \nBased 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. \n \nThe RCF was due to expire in October 2027.\n \nCommenting, Stephen Bird, Interim Executive Chairman, said:\n\"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.\"\n \nEnquiries\n\n\n\n\n \n\n\n \n\n\n\n\nHeadlam Group plc\n\n\nTel: 01675 433 000\n\n\n\n\nStephen Bird, Interim Executive Chairman\n\n\nEmail: [email protected]\n\n\n\n\nAdam Phillips, Chief Financial Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nPanmure Liberum Limited (Corporate Broker)\n\n\nTel: 020 3100 2000\n\n\n\n\nTom Scrivens / Atholl Tweedie\n\n\n \n\n\n\n\n \nThis 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.\n \n \nNotes to Editors\nOperating for over 30 years, Headlam is the UK's leading floorcoverings distributor. The Group works with suppliers across the globe manufacturing the broades...