Lords Group eyes "material" savings from debt refinancing agreement

(Alliance News) - Lords Group Trading PLC on Tuesday said it has refinanced its existing GBP75 million lending facilities.

The London-headquartered building materials distributor explained the existing set-up, with a three bank syndicate, consisted of a GBP50 million revolving credit facility and a GBP25 million receivables financing facility. They have now been cancelled and repaid.

Repayments have been funded by drawings of a new GBP65 million worth of facilities provided by HSBC Holdings PLC and NatWest Group PLC.

Lords Group said the refinancing is expected to result in "material" interest cost savings for the group.

Shares in Lords Group rose 2.8% to 17.74 pence each in London on Tuesday morning.

"The new facilities are more closely aligned with the group's trading activities and demonstrate its diversified customer base and track record in converting receivables into cash," the firm added.

The refinancing includes two uncommitted extension options of one year each which would, if approved by lenders, extend the tenor of the new revolving credit facility to four years and five years if exercised.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Lords Grp Tr