Redrow negotiates £100 million increase to revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, April 20 – Redrow plc said it has successfully concluded negotiations with its syndicate of six banks for £100 million of additional funding under its existing revolving credit facility.

The company now has £350 million of committed facilities under the revolver, which matures at the end of December 2022, according to a news release.

Redrow also was declared eligible by the Bank of England for the government’s Covid-19 corporate financing facility.

Redrow is a homebuilder based in Wales.

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