Chemring £80m UK Export Finance-backed loan facility (2024)
Liquidity alongside the RCF
Key terms
- Borrower or issuer
- Chemring Group
- Date
- Oct 2024
- Type
- Export credit
- Amount
- £80m (US$102m)
- Maturity
- 2028
Recorded terms
- Structure
- Four-year UKEF Export Development Guarantee facility with a one-year drawdown period and three-year amortising repayment, led by Barclays
- Lenders and arrangers
- Barclays Bank PLC (lead); UK Export Finance Export Development Guarantee
- Country
- United Kingdom
Parties
- Chemring Group borrower or issuer
- Lenders: Barclays
- Public lenders and funders: UK Export Finance
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Jun 2026 | UKEF £50bn Defence Export Fund | Export credit | £50bn |
| 9 Jan 2026 | BGK ECA-backed facilities for the K2 tank contract (KEXIM and Santander) | Export credit | Not disclosed |
| Aug 2025 | BGK and Korean ECAs: guarantee and insurance framework for Polish arms purchases (at least US$5bn) | Export credit | US$5bn |
| 14 Mar 2025 | UKEF defence direct lending capacity raised by £2bn | Export credit | £2bn |
| 2 Mar 2025 | UK Export Finance-backed £1.6bn financing for Ukraine's LMM air defence missiles | Export credit | £1.6bn |
More from Chemring Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| Apr 2025 | Chemring £180m revolving credit facility (2025) | Bank facility | £180m |
| Jul 2021 | Chemring £150m revolving credit facility (2021) | Bank facility | £150m |
| Oct 2018 | Chemring £90m revolving credit facility (2018) | Bank facility | £90m |
Sources
- Chemring results for the year ended 31 October 2024 (RNS) investegate.co.uk · 17 Dec 2024
- Chemring results for the year ended 31 October 2025 (RNS) investegate.co.uk · 9 Dec 2025
About this record
Record DEF-2024-0026, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Export credit agencies lend or guarantee against an export contract, which lowers pricing and stretches tenor for the buyer.
