Business
Grainger extends core banking facility to 2033
Grainger plc has successfully extended its core banking facilities totaling £540 million to 2033 with AIB, Barclays, HSBC, and NatWest, increasing the weighted average facility maturity to 4.6 years. This extension was secured at improved margins, leading to an estimated annual saving of £1 million in finance costs. The move aligns with the company's strategy to deleverage by £300-350 million by FY29, targeting a Loan-to-Value ratio of 30% and Net Debt to EBITDA of 8x. Disclaimer*
About this update from Grainger Plc
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