Grafton Group plc, the Builders Merchanting and DIY Group has announced that it has signed new five year revolving credit facilities with its relationship banks.
The bilateral multicurrency facilities total £460m and have a maturity date of May 2019.
[rev_slider Surety]
The refinancing takes advantage of improved lending conditions and will lead to annualised finance charge savings based on current drawings of circa £3m per annum.
“The increased facilities provide Grafton with additional headroom as the Group continues to execute its growth strategy,” the group said in a statement released this morning.
