We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

In this section

Shares

Grainger extends core banking facilities to 2033

Mon 11 May 2026 07:43 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(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

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast