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Tyman PLC - London-based supplier of door and window components - Secures new £210 million sustainability-linked revolving credit facility, which may be increased through an accordion option of up to £100 million. Says it has been provided by a combination of existing and new relationship lenders. The facility will mature on December 13, 2026, with an option to extend by a further year.
Chief Financial Officer Jason Ashton comments: ‘We are delighted to have successfully agreed the refinancing of our RCF for the next five years, particularly with the inclusion of three key sustainability targets. Following the refinancing of $75 million of sustainability-linked US private placement notes earlier this year, the RCF refinancing not only provides additional capital to support our growth strategy but also reinforces our commitment to put sustainability at the core of the group’s strategy.’
Current stock price: 235.50 pence
12-month change: down 38%
By Sophie Rose, Alliance News reporter
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