Futures Housing secures £140m refinancing deal

Left to right: Raj Sharma, Director of Finance and Ian Skipp, Group Director of Finance & Growth.

Housing association Futures Housing Group has successfully completed a £140 million refinancing deal with a high-street bank in order to support its long-term investment in its homes and services.

The East Midlands landlord has also been able to extend its revolving credit facility and take advantage of a Social Housing Loan as part of the package.

The funding gives Futures certainty over its borrowing and will be used to support its ongoing goal of providing quality homes and services.

Raj Sharma, Director of Finance at Futures said: “We’re delighted to have secured this deal. With nearly 11,000 homes spread across the East Midlands, it further improves our financial strength and will help us to continue delivering great services for existing and new customers.”

Thanking legal consultants associated with the company for their support in helping to complete the refinancing, Ian Skipp, Group Director of Finance & Growth at Futures said: “The agreement reflects the confidence our funders have in Futures and strengthens our long-term plans to keep investing in our homes and communities.”