Centrus secures £40m RCF to support Muir Group’s growth strategy

Why does this transaction matter?

• Prior to the raise, Muir Group’s existing RCF had restrictive covenants and was nearing maturity.
• Centrus advised on addressing these risks by securing a new £40m RCF that enhanced covenants, strengthened liquidity and extended the facility term, all supporting Muir Group’s growth strategy while ensuring value for money.

What value did Centrus add?

Developed the treasury strategy: Centrus leveraged our market-leading sector insight to develop a treasury strategy which:

• Lowers refinancing risk and improves the debt maturity profile
• Reduces covenant risk
• Bolsters overall liquidity
• Strengthens overall hedging ratio

Arranging and executing funding:

• Centrus led a structured and competitive funding process that identified cost-effective and covenant supportive lenders, before recommending an option that aligned with Muir Group’s strategy.
• The documentation and execution process was managed by Centrus to close, with assurance reporting provided throughout.

“We are extremely pleased to have completed this RCF raise and are delighted to have had Centrus’ support and expertise throughout the process. The Muir Group team and board members have benefitted from the confidence and clarity provided by Centrus.”

Nia Hughes, Executive Director of Resources – Muir Group

For more information, please contact Lawrence Gill, Director, Housing, Education & Care or Mithun Kathirgamanathan, Assistant Director, Housing, Education & Care.

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