Harworth Group plc announced a new 275 million pounds revolving credit facility with an option to increase to 325 million pounds. The facility has a core margin of 200 basis points over SONIA and a four-year term, extendable to five years with bank consent. NatWest, Santander, and HSBC are part of the syndicate with the option to add more lenders. The new facility replaces the previous 240 million pounds facility, extending debt maturity by 2.5 years. Harworth Group’s stock closed 0.62% higher at GBP 162 on the London Stock Exchange.

Read more at Nasdaq: Harworth Group Secures GBP 275 Mln Revolving Credit Facility