Telford Homes has signed a £180m revolving credit facility with its existing banks HSBC, RBS and Santander and a new supporter, Allied Irish Bank.
The new loan facility runs to March 2019 and replaces a previous £120m loan facility, providing more working capital flexibility at a lower cost of debt.
Group financial director Katie Rogers said that the new deal “not only offers increased flexibility on site purchases and development funding but, importantly, allows the group to facilitate its growth plans over the next few years”.
Got a story? Email news@theconstructionindex.co.uk
