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The Hill Group has completed a full refinancing of its revolving credit facility, increasing total committed funding to £300 million with maturity extended to December 2030.
The facility, which has been the Group’s principal source of debt funding since 2015, reflects the long-term confidence and support of its core banking partners: HSBC, Lloyds, NatWest, and Santander. The third refinancing package provides long-term funding certainty and flexibility, enabling the Group to deliver its five-year business plan through to 2030. This plan aims to double the size of the business to £2.3 billion, focusing on sustainable growth, operational resilience, and the delivery of high-quality homes and regeneration projects across the UK.
The refinanced facility retains its Sustainability Linked Loan (SLL) status, first achieved in 2021, underlining Hill's commitment to environmental performance, social value, and responsible development. Embedded sustainability targets align with the Group’s wider ESG strategy, including carbon reduction, renewable energy adoption, and positive community outcomes.
The new facility will support long-term development projects such as the multi-award-winning Marleigh Park in Cambridge, Coventry City Centre South, a landmark city centre redevelopment incorporating residential, shopping, and leisure space, and the large-scale regeneration of the Teviot Estate in Tower Hamlets, London.
"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," said Tony Parker, Group Finance Director at The Hill Group.
"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," said Paul Eyre, Head of Residential and Housing Finance at NatWest.
