Debt Refinancing Update

Supermarket Income REIT PLC

03 April 2024

 

3 April 2024

SUPERMARKET INCOME REIT PLC

(the "Company")

DEBT REFINANCING UPDATE

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that it has increased its unsecured facility with Sumitomo Mitsui Banking Corporation ("SMBC") by £37.5 million to £104.5 million.

The interest-only facility matures in September 2026 and is priced at a margin of 1.55% above SONIA on the increase amount, with the existing £67 million remaining at a margin of 1.40% above SONIA, and is fully hedged for the term of the facility.

Following the acquisition announced on 22 March 2024, the Company has a pro-forma LTV of 34%.

Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT, said: 

"We are pleased to continue our relationship with SMBC, a key funding partner to the Company. Our strong relationships with existing lenders, and quality of the portfolio, continues to allow the Company to access debt financing at attractive margins."

FOR FURTHER INFORMATION
Atrato Capital Limited	[phone]
Steven Noble / Rob Abraham / Chris McMahon	[e-mail]
Stifel Nicolaus Europe Limited	[phone]
Mark Young / Matt Blawat / Rajpal Padam
Goldman Sachs International Jimmy Bastock / Tom Hartley	[phone]
FTI Consulting	[phone]
Dido Laurimore / Eve Kirmatzis / Andrew Davis	[e-mail]

NOTES TO EDITORS:  

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are let to leading UK supermarket operators, diversified by both tenant and geography.  

The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term.

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares are traded on the Main Market of the London Stock Exchange, having listed initially on the Specialist Fund Segment of the Main Market on 21 July 2017.

Atrato Capital Limited is the Company's Investment Adviser.  

Further information is available on the Company's website www.supermarketincomereit.com  

LEI: 2138007FOINJKAM7L537

Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection with the matters referred to in this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the matters referred to in this announcement.

 

END