Refinancing of Revolving Credit Facility

NewRiver is pleased to announce that it has refinanced its Revolving Credit Facility ("RCF" or "facility").

• New £100 million facility, with a £50 million accordion available subject to lender approval (previous facility £125 million with a £50 million accordion)
• Maturity has been extended from August 2024 to November 2026 with option to extend the facility by two additional one-year terms (to November 2028), subject to lender approval
• Annual cost has reduced as headline margin and quantum both reduced
• All four banks in the previous facility have continued to support NewRiver in the new facility, being Barclays Bank PLC, HSBC UK Bank plc, National Westminster Bank plc and Santander UK plc

The Company was advised by Rothschild & Co.

Will Hobman, Chief Financial Officer commented: "We are pleased that the strength of our financial position, best-in-class asset management platform and well positioned portfolio have been recognised by our key bank lenders, who have each chosen to continue to support the long-standing relationships we have established with them. By extending the RCF term for at least a further three years we will continue to benefit from access to additional liquidity and at the same time by reducing the size and margin of the RCF we have been able to do so at a reduced overall cost."

Gordon Simpson James Thompson