Derwent London has extended its principal £450m unsecured revolving credit facility, which was due to mature in October 2026.
The extension has been signed with the group’s existing core relationship banks Barclays, HSBC and NatWest and has been structured as an initial four-year term with two one-year extension options.
Derwent intends to use the new £450m facility for general corporate purposes and it will also provide future funding for the group’s development pipeline and sustainability-led initiatives.
The group has also elected to cancel the two £32.5m revolving credit tranches that formed part of the bilateral facilities arranged with Barclays in December 2024 and HSBC in February 2025. The two £82.5m term loan components of these facilities remain in place.
