Centrus arranges £150m bank refinancing & £100m private placement for Silva

Transaction Overview

  • Silva Homes (“Silva”), owns & manages over 7,000 homes, focused on the region around Bracknell Forest. Silva is rated A+ by S&P
  • Silva has an ambitious programme to develop 1,100 new homes over the next 5 years.
  • Refinanced existing lender with 3 new facilities, totalling £150m, with maturities ranging from 5 to 15 years.
  • Silva also raised £100m 35 year private placement, including £25m 12m deferred, £25m 24m deferred.

Centrus Solution

Centrus worked closely with Silva from the formulation of refinancing & new funding strategy, to executing of new bank & PP funding.

Our team ran a multi bank and investor process allowing for wide engagement, ensuring Silva received indications from a large number of market participants and that value for money and optimal terms were received.

Centrus provided Silva with broad project management and governance support, ensuring assurance throughout the process and that outcomes achieved aligned with overarching treasury objectives.


  • New £150m of bank facilities from 3 lenders, more flexible financial covenants than existing, supporting long term funding, liquidity, ESG and development ambitions.
  • £100m private placement funding, for 35 years, providing long dated, low cost fixed rate funding, extending portfolio tenor, multiple deferred tranches allowing for funding to be received as and when required.
  • Overall portfolio risk reduced, tenor extended, refinancings staged over time, long term interest risk reduced, significant increase in liquidity.

“Centrus has provided high quality support in arranging these deals. Their understanding of the market, strategic guidance and project support, has been key in helping us achieve such a strong outcome and position us for the future.”

John Andrew, Finance Director – Silva Homes

“Proud to have supported Silva on these new transactions. The new funding provides a robust foundation for Silva to achieve future ambitions. Given economic headwinds & market volatility, this is a significant achievement for Silva”

Sam Goldman, Director Centrus

For more information, please contact Sam Goldman, Director – Centrus

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