We are pleased to announce a new £412.1 million unsecured credit facility with a four bank syndicate comprising Barclays, Royal Bank of Canada, Wells Fargo and Royal Bank of Scotland International.
The new unsecured facility will be used to refinance £255.0 million of existing secured commitments, in addition to providing further debt capital to continue to fund growth. The facility is priced at 1.5% over SONIA and has a weighted average term of 6 years.
Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said:
“The new unsecured facility is a significant milestone for SUPR, the scale and quality of the portfolio now enabling the Company to finance on an unsecured basis. We are delighted with the level of financing support received from our existing and new relationship banks, affirming the robust nature of the grocery sector.”