Business Services

LSL extends £100m banking facility

Discussion - £100m revolving credit facility - SantanderCB

Newcastle-based LSL Property Services has extended its existing £100m banking facility.

The extended facility comprises a committed £100m revolving credit facility and will continue to be provided by an existing syndicate of four lenders: Barclays, HSBC, Lloyds and Santander UK.

The new deal, which runs until May 2020, will replace the existing maturity date of August 2017.

'The extended facility support LSL's strategy of delivering long-term shareholder value by building market leading position in residential property services through organic growth and selective acquisitions,' said LSL group chief executive Ian Crabb.


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