Business
Harworth expands £275m RCF syndicate
Harworth Group PLC has expanded its £275 million Revolving Credit Facility by adding Barclays to its syndicate of three existing relationship banks, NatWest, Santander, and HSBC. This facility, refinanced in November 2025, includes an uncommitted accordion option that could increase the total to £325 million. The terms remain consistent, with a core margin of 200 basis points over SONIA and an initial four-year term extendable to five years. The addition of Barclays is seen as a reflection of confidence in Harworth's strategy and business resilience, enhancing its flexibility to accelerate new site development and support growth ambitions. Disclaimer*
About this update from Harworth Group Plc
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) Kitty Patmore (Chief Financial Officer) Juliana Weiss Dalton (Investor Relations) T: +44 (0)114 349 3131 E: [email protected] FTI Consulting Dido Laurimore Richard Gotla Eve Kirmatzis T: +44 (0)20 3727 1000 E: [email protected] 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 ho...
View stock analysis, news, and events for Harworth Group Plc