Leeds-based engineering services and infrastructure group Renew has announced the refinancing of its existing revolving credit facility (RCF) with a new facility “providing improved terms and an extended maturity.”

“The new £140m RCF replaces the previous £120m facility and has been made available to the company for a committed 4 year term expiring in October 2029,” said Renew.

“The new facility was agreed with National Westminster Bank Plc, HSBC UK Bank plc and Barclays Bank Plc.

“The refinancing reflects the continued confidence of the group’s banking partners in Renew’s resilient business model, strong cash generation and long-term growth prospects.

“As previously announced, preliminary results for the year ended 30 September 2025 will be announced on Tuesday 25 November 2025.”

Renew CFO Sean Wyndham-Quin said: “I am pleased to have successfully refinanced and increased our RCF through to October 2029, providing the group with significant firepower to continue to deliver both its organic and inorganic growth strategy.”