Redwood RCF

BB+

Redwood Retail Group Ltd · Consumer / Retail

⚠ Watch: LTV elevated post-store closures; EBITDA trending below budget

Commitment

£45m

Drawn

£39m

LTV

71%

Maturity

2027-12

Lead

Aisha O.

Covenants

Covenant

Threshold

Current

Status

Net Leverage Ratio

≤ 5.0x

4.7x

Warning

Minimum Liquidity

≥ £5m

£6.2m

Compliant

Documents

📄

Credit Memo — Q1 2026.pdf

Aisha Okonkwo · 2026-04-08

📊

Financial Model v2.1.xlsx

Soo-Jin Park · 2026-04-01

Drawdown History

£30m2025-02-18

Working capital — seasonal peak

Approved by Aisha Okonkwo

£9m2025-09-07

RCF top-up

Approved by Oliver Brennan

Audit Log

Aisha Okonkwo08 Apr 2026, 11:22

Facility placed on watch — LTV and leverage concerns noted

Soo-Jin Park31 Mar 2026, 10:05

Covenant test filed — leverage approaching threshold