Revolving Credit Facility Refinancing
Renew refinanced its £120m revolving credit facility for a new £140m facility maturing October 2029.
- New RCF £140m
- Previous RCF £120m
- Maturity October 2029
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Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, is pleased to announce the refinancing of its existing Revolving Credit Facility ("RCF") with a new facility providing improved terms and an extended maturity.
The new £140m RCF replaces the previous £120m facility and has been made available to the Company for a committed 4 year term expiring in October 2029. The new facility was agreed with National Westminster Bank Plc, HSBC UK Bank plc and Barclays Bank Plc.
The refinancing reflects the continued confidence of the Group's banking partners in Renew's resilient business model, strong cash generation and long-term growth prospects.
As previously announced, preliminary results for the year ended 30 September 2025 will be announced on Tuesday 25 November 2025.
Sean Wyndham-Quin, Chief Financial Officer of Renew, commented:
"I am pleased to have successfully refinanced and increased our RCF through to October 2029, providing the Group with significant firepower to continue to deliver both its organic and inorganic growth strategy."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.