REG - Supermarket Inc REIT - Debt Refinancing Update

Supermarket Income REITAnnouncement

03/04/2024 07:00

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RNS Number : 0407J  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                                                                           +44 (0)20 3790 8087 
                                  
 Steven Noble / Rob Abraham / Chris McMahon                                                       ir@atratocapital.com  

 Stifel Nicolaus Europe Limited                                                                   +44 (0)20 7710 7600 
 Mark Young / Matt Blawat / Rajpal Padam                                                           
                                                                                                   
 Goldman Sachs International                                                                      +44 (0)20 7774 1000

 Jimmy Bastock / Tom Hartley

 FTI Consulting                                                                                   +44 (0)20 3727 1000 

  
 Dido Laurimore / Eve Kirmatzis / Andrew Davis                                                    SupermarketIncomeREIT@fticonsulting.com  
                                  

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 (http://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.

 

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