Supermarket Income REIT has increased its unsecured facility with Sumitomo Mitsui Banking Corporation from £67m to £104.5m.
The facility matures in September 2026 and is priced at a margin of 1.55% above Sonia on the £37.5m increase amount, with the existing £67m remaining at a margin of 1.4% above Sonia. The deal is fully hedged.
The company has a pro forma loan-to-value ratio of 34%.
Ben Green, director at investment adviser Atrato Capital, 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.”
Photo by Jochen Tack/imageBROKER/Shutterstock
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