Supermarket Income REIT increases unsecured facility with SMBC to £104.5m

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Supermarket Income REIT increases unsecured facility with SMBC to £104.5m

Supermarket Income REIT 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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