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."
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FOR
FURTHER INFORMATION
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Atrato Capital Limited
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+44 (0)20 3790
8087
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Steven Noble / Rob Abraham
/ Chris McMahon
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ir@atratocapital.com
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Stifel Nicolaus Europe Limited
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+44 (0)20 7710
7600
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Mark Young / Matt Blawat / Rajpal
Padam
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Goldman Sachs
International
Jimmy Bastock / Tom Hartley
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+44 (0)20 7774 1000
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FTI
Consulting
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+44 (0)20 3727
1000
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Dido Laurimore / Eve Kirmatzis /
Andrew Davis
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SupermarketIncomeREIT@fticonsulting.com
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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.