REG - Supermarket Inc REIT - Joint Venture Refinancing Update

Supermarket Income REITAnnouncement

Wed 07:00

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RNS Number : 0353X  Supermarket Income REIT PLC  18 March 2026

18 March 2026

SUPERMARKET INCOME REIT PLC 

("SUPR", or the "Company") 

 

JOINT VENTURE REFINANCING UPDATE

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces that it has
increased its secured term loan with a bank syndicate comprising Barclays,
HSBC, ING, Lloyds and Crédit Agricole CIB (the "Facility"), for its joint
venture (the "JV") with funds managed by Blue Owl Capital ("Blue Owl"), by
£222 million to £437 million.

The interest-only facility matures in June 2028, and benefits from two
one-year extension options at the lenders' discretion. The increased facility
is priced at a margin of 1.65% above SONIA and the cost is fixed for the
duration of the facility at an all-in rate of 5.24%.

The Company will receive 50% of the proceeds from the increased Facility,
which will be used to refinance the Company's near-term debt maturities. After
the transaction, the Company's LTV, including debt within the joint venture,
is 43%.

Mike Perkins, CFO of Supermarket Income REIT, commented:

"We are very pleased with the continued support shown by our existing lenders,
and are equally pleased to welcome two new lenders, Lloyds and Crédit
Agricole CIB, to the syndicate. The Company continues to have good access to
capital, highlighting the strength of our relationships with lenders and the
attractiveness of top performing grocery real estate assets."

 

 FOR FURTHER INFORMATION                                                                               
 Supermarket Income
 REIT
   
 Rob Abraham / Mike Perkins / Chris McMahon                                                         ir@suprplc.com (mailto:ir@suprplc.com)     

 Headland Consultancy                                                                               +44 (0)20 3805 4885

    
 Susanna Voyle / Antonia Pollock / Dan Mahoney                                                       SUPR@headlandconsultancy.com (mailto:%20SUPR@headlandconsultancy.com)
                                                                                                    (mailto:%20SUPR@headlandconsultancy.com)     

NOTES TO EDITORS:    

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is
the only LSE listed company dedicated to investing in grocery properties which
are an essential part of national food infrastructure. The Company focuses on
grocery stores which are predominantly omnichannel, fulfilling online and
in-person sales and are let to leading supermarket operators in the UK and
Europe. The portfolio was valued at £2.1 billion as at 31 December 2025.

The Company's properties earn long-dated, secure, inflation-linked, growing
rental income. SUPR targets a progressive dividend and the potential for long
term capital growth.

The Company's shares are traded on the LSE's Main Market and on the Main Board
of the JSE Limited in South Africa. 

Further information is available on the Company's
website www.supermarketincomereit.com
(http://www.supermarketincomereit.com/)   

LEI: 2138007FOINJKAM7L537 

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