Harworth adds Barclays to GBP275 million credit facility syndicate

Tue, 26th May 2026 10:08

(Alliance News) - Harworth Group PLC said Barclays PLC has joined the syndicate of existing relationships banks on its GBP275 million revolving credit facility.

The Rotherham, South Yorkshire-based regenerator of land for sustainable development said the terms in which Barclays is joining the facility are unchanged, namely a core margin of 200 basis points over sterling overnight index average, with an initial four-year term, which may be extended to a maximum of five years at Harworth's request.

Harworth's existing relationship banks in the syndicate comprise NatWest Group PLC, Banco Santander SA and HSBC Holdings PLC.

The GBP275 million RCF, which was refinanced in November 2025, includes an uncommitted accordion option, which if exercised would take the RCF to GBP325 million.

Chief Financial Officer Kitty Patmore said: "We are pleased to welcome Barclays 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."

Shares in Harworth were up 0.1% at 125.33 pence each in London on Tuesday.

By Jeremy Cutler, Alliance News reporter

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