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Grainger extends core banking facilities to 2033
(Sharecast News) - Residential landlord Grainger said on Monday that it has agreed an extension on £540m of its core banking facilities to 2033 with AIB, Barclays, HSBC and NatWest.
It said 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 about £1m in finance costs. Grainger said this is in line with its previously stated plan to deleverage by £300m to £350m by FY29.
See latest RNS on Investegate
Latest GRI News
- UK dividends calendar - next 7 days
1 day ago - LONDON BRIEFING: Rathbones takes regulatory hit; boohoo narrows loss
16 Jun 2026 - WINNERS & LOSERS: WH Smith seeks capital, cuts outlook; Workspace down
10 Jun 2026 - LONDON BROKER RATINGS: Peel Hunt raises Babcock International to 'buy'
20 May 2026 - Big Yellow Group sees declining annual profit but revenue stable
18 May 2026 - WINNERS & LOSERS: Miners slide; Centrica to pay GBP20 million to Ofgem
15 May 2026 - LONDON BROKER RATINGS: JPM raises Standard Life; Citi raises Aberdeen
15 May 2026 - WINNERS & LOSERS: 3i Group plummets; Spire jumps on takeover approach
14 May 2026
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Grainger plc News
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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:
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WINNERS & LOSERS: Miners slide; Centrica to pay GBP20 million to Ofgem
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday.
LONDON BROKER RATINGS: JPM raises Standard Life; Citi raises Aberdeen
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:
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(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Thursday.
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