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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
On May 11, 2026, Grainger plc announced it extended £540m of its core banking facilities to 2033 with AIB, Barclays, HSBC, and NatWest. These extensions were agreed at lower margins, resulting in an annual saving of approximately £1m in finance costs and increasing the weighted average facility maturity to 4.6 years.
| Date | 11 May 2026 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 7060D |