Grafton Group signs new five-year credit facilities with lenders

Grafton Group plc, the Builders Merchanting and DIY Group has announced that it has signed new five year revolving credit facilities with its relationship banks. 

The bilateral multicurrency facilities total £460m and have a maturity date of May 2019.

The refinancing takes advantage of improved lending conditions and will lead to annualised finance charge savings based on current drawings of circa £3m per annum. 

“The increased facilities provide Grafton with additional headroom as the Group continues to execute its growth strategy,” the group said in a statement released this morning.