Derwent London is pleased to announce that it has extended its principal £450 million unsecured revolving credit facility (“RCF”), which was due to mature in October 2026.
The facility extension has been signed with the Group’s existing core relationship banks, Barclays, HSBC and NatWest, and reflects the continued strong support from these longstanding bank relationships.
It has been structured as an initial four-year term with two one-year extension options. This provides continued access to flexible debt and extends our weighted average duration of facilities. The margin remains in line with the previous terms, reflecting Derwent London’s strong credit rating.
The new £450 million facility will be used for general corporate purposes and will provide future funding for the Group’s development pipeline and sustainability-led initiatives.
The Group has also elected to cancel the two £32.5 million revolving credit tranches that formed part of the bilateral facilities arranged with Barclays in December 2024 and HSBC in February 2025. The two £82.5 million term loan components of these facilities remain in place.
This transaction follows the £250 million unsecured 7-year bonds issued in June 2025.