Housebuilder The Hill Group has completed a refinancing deal which will make £300 million available up to 2030.
The revolving credit from Hill Group’s core banking partners HSBC, Lloyds, NatWest and Santander, has been the group’s principal source of debt funding since 2015. The group plans to double its size to £2.3 billion by 2030 and the refinancing retains its Sustainability Linked Loan (SLL) status, first achieved in 2021.
The new SLL will fund Hill’s long-term development projects, including the Marleigh Park development in Cambridge, Coventry City Centre South and the large-scale regeneration of the Teviot Estate in Tower Hamlets, London.
Tony Parker, group finance director for The Hill Group, said: “This third refinancing of our revolving credit facility is a landmark moment for Hill, with an increased commitment from our long-standing lending partners.
“HSBC, Lloyds, NatWest and Santander have supported the business since 2015, when we first raised £120 million, and we are grateful for their continued backing as we deliver our growth ambitions through to 2030. We would also like to thank NatWest and Lloyds for their roles as lead arranger and ESG co-ordinator, respectively.”
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