AURELIUS Finance Company announces new Revolving Credit Facility with Safestyle UK Plc


AURELIUS Finance Company announces new Revolving Credit Facility with Safestyle UK Plc

London, February 2, 2023 – AURELIUS Finance Company (“AFC”), the independent direct secured lender to mid-market companies, announces the extension of its partnership with Safestyle UK plc (“Safestyle”), replacing the existing term loan, with a new long-term revolving credit facility. This milestone transaction highlights AFC’s ability to now offer more flexible revolving solutions, and at significantly more competitive pricing by utilising the GBP 100 million funding line secured from Wells Fargo.

Established in 1992 and listed on the AIM market, Safestyle is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. Headquartered in Yorkshire, the company operates nationwide from 29 sales branches and 14 installation depots. In 2021, Safestyle made over 27,000 PVC doors and nearly 150,000 windows.

The provision of a new revolving credit facility will continue to provide support to Safestyle as it executes its growth strategy while also affording it with the necessary liquidity to provide stability for the long-term.

“I am delighted that we have extended our relationship with AURELIUS Finance Company. The support from AURELIUS since 2018 has under-pinned the Group’s turnaround through some turbulent and volatile times.  The financing structure that we have agreed continues to provide the flexibility we require alongside competitive terms that reflects the progress Safestyle has made with the support of partners like AURELIUS in the last few years. We look forward to continuing to work with the team at AURELIUS as we aim to deliver on our strategic priorities and growth plans in the next few years”, commented Rob Neale, CEO of Safestyle UK Plc.

“We are proud to have supported Safestyle through its impressive turnaround in recent years. The trust that we have built with Safestyle during this time is representative of our relationship led flexible offering to ensure that businesses are afforded every opportunity to achieve their objectives with the right financing package. Given the material improvement in Safestyle’s financial position, we are glad to have worked with the Safestyle management team to agree an extension of the existing facility as it undertakes its next phase of growth”, stated Karun Dhir, Managing Director of AURELIUS Finance Company.