The Hill Group, the UK’s second largest privately owned housebuilder, has completed the full refinancing of its revolving credit facility, increasing total committed funding to £300 million and extending maturity to December 2030.
The facility, Hill’s principal source of debt since 2015, demonstrates continued confidence from the Group’s core banking partners HSBC, Lloyds, NatWest and Santander.
The increased funding provides long-term certainty and flexibility to support Hill’s five-year business plan, which aims to double the size of the business to £2.3bn by 2030 through sustainable growth, operational resilience, and the delivery of high-quality homes and regeneration projects across the UK.
The facility retains its Sustainability Linked Loan (SLL) status, first achieved in 2021, reflecting Hill’s commitment to carbon reduction, renewable energy, and positive community outcomes. The refinancing will fund major development projects including Marleigh Park in Cambridge, Coventry City Centre South, and the Teviot Estate regeneration in Tower Hamlets, London.
LANDMARK MOMENT
Tony Parker, Group Finance Director at The Hill Group, says: “This third refinancing of our revolving credit facility is a landmark moment for Hill, with an increased commitment from our long-standing lending partners. HSBC, Lloyds, NatWest and Santander have supported the business since 2015, when we first raised £120 million, and we are grateful for their continued backing as we deliver our growth ambitions through to 2030. We would also like to thank NatWest and Lloyds for their roles as lead arranger and ESG co-ordinator, respectively.”
GROWTH PLANS
Paul Eyre, Head of Residential and Housing Finance at NatWest, adds: “We were delighted once again to support Hill as lead arranger on this refinancing of its revolving credit facility.
“ Hill is a valued, long-term customer of the bank and we look forward to continuing our relationship, supporting its growth plans and the delivery of much-needed homes into the next decade.”
SUSTAINABILITY
And David Cleary, Managing Director for Housing at Lloyds, says: “We are proud to have supported Hill’s ESG journey since 2021 and to act as ESG co-ordinator on this refinancing facility.
“Sustainability in housing is complex, and we have seen firsthand how hard Hill has worked to remain a leader in this area by embedding sustainability into its homes and communities. We look forward to continuing to work with the team as the business enters its next phase of growth.”
