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Stelrad Group Secures Refinancing of GBP100 Million Multicurrency Facility

MT Newswires·12/09/2025 04:51:00
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04:51 AM EST, 12/09/2025 (MT Newswires) -- Stelrad Group (SRAD.L) said Tuesday it refinanced its 100 million-pound-sterling multicurrency facility with two existing lenders on improved terms. The radiator manufacturer's facility, which was due to mature in November 2026, is renewed for an initial three-year term with an option to extend for another two years. The new facility also includes an accordion feature for an additional 20 million pounds in funding, supporting working capital needs and funding investments.