S&U (SUS): Securitisation funding facilities

What is happening

S&U: Securitisation funding facilities – Facilities secured, 27 Oct 2026. ['Facilities secured, 27 Oct 2026']

In short

On 27 Oct 2026 S&U announced two new securitisation facilities from two Tier 1 UK financial institutions, providing up to £600m over an initial three-year term. They replace in full the existing £330m facilities, whose club facility was due for renewal in 2027, at improved rates. The company targets a near-doubling of receivables by 2030.

Announced

27 Oct 2026 · Facilities secured, 27 Oct 2026

Size

Up to £600m: £350m for Advantage (motor), £250m for Aspen (property)

Term

Initial three years

Replaces

Existing £330m facilities, including the club facility due for renewal in 2027

Terms

Improved interest and advance rates; non-recourse for commercial risk

Extra RCF

Small RCF of up to £25m maintained at Advantage

Next milestone

Plans for next three years at full year results in April 2027

What comes next

Growth plans for next three years at full year results (20 Apr 2027).

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