Severfield plc announced the completion of a refinancing of its revolving credit facility with its current banking syndicate. The new £50m RCF provides additional liquidity above the £25m RCF which it replaces and extends the term of the facility which now expires in December 2026. The RCF remains subject to three financial covenants, interest cover, net debt to EBITDA and debt service (cash flow) cover. The new facility provides the Group with enhanced liquidity and long-term financing to help support its growth strategy.