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The Bathroom Brands Group is a designer, importer and supplier of high-quality branded bathroom and sanitaryware products. The company offers its products under its four key proprietary brands – Crosswater, Burlington, Clearwater and Britton – through retailers, distributors and contract partners in territories around the world.

Based in the UK, Bathroom Brands has developed into an international business with offices in Croatia and Singapore and two representative offices in Shanghai and Guangzhou.

New financing package allows refinancing and provides additional liquidity

Seeking to refinance, as well as upsize, its core debt facilities to ensure sufficient liquidity, Bathroom Brands turned to its relationship bank NatWest to structure a suitable financing package.

Based on the company’s specific financing requirements, NatWest – as the sole lender – and Bathroom Brands agreed £38 million of debt facilities, that included a £20 million Term Loan and an £18 million Revolving Credit Facility (RCF) over a 4-year tenor, with an option of a further £10 million accordion for the RCF.

The new financing package allowed Bathroom Brands to complete the refinance of its existing bank borrowing, extend the maturity profile of its debt, and increase its access to liquidity. 

One Bank approach to deliver the best outcome for NatWest customers

Jeremy Bird, Chairman, The Bathroom Brands Group, commented: “We are very pleased with the successful outcome of our refinancing and upsizing, which allows us to continue expanding our range of high-quality bathroom and sanitaryware products. Many thanks to the NatWest team, who not only ensured we met all our financing objectives but also ensured we executed this deal within a tight timescale thanks to a well-run process.”

Cian McCarrick, NatWest, added: “We are delighted to have been able to support The Bathroom Brands Group in arranging this new financing package, demonstrating our commitment to our longstanding customer. This transaction is another example of multiple specialist teams within NatWest working closely together as One Bank to ensure quick decision making and delivering the best outcome for our customer.”


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