Jigsaw Homes Group worked alongside Centrus, Devonshires and its existing banking partners, Lloyds, Nationwide, NatWest and Santander to review its debt portfolio and identify opportunities to reduce interest costs enhancing the Group’s overall financial resilience.
The 2025 deal, sees the restructuring of a £170m loan and an extension to a £31m loan. Along with improving the debt maturity profile, lowering the refinancing risk and harmonising covenants levels across all four lenders, Jigsaw secured two new facilities in the form of an £80m 10-year term loan and a new £40m 5-year revolving credit facility to cost-effectively fund Jigsaw’s business plan.
Paul Chisnell, Executive Director Finance said: “Through successful partnership working, this latest deal puts us in a stronger financial position to deliver our long term plans.”
