Supermarket Income REIT secures £90m debt refinancing to simplify borrowing structure
Published: 03:00 01 May 2025 EDT
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has completed a £90 million refinancing deal that will replace two near-term maturing loans and streamline the trust’s borrowing arrangements.
The London-listed investor in grocery-led property said the new three-year facility, provided by Barclays, is unsecured and carries an interest margin of 1.55% over the Sterling Overnight Index Average (SONIA). It also includes two one-year extension options, at the lender’s discretion.
The facility will be used to repay £30 million and £55.4 million of secured debt previously held with Wells Fargo and Bayerische Landesbank, respectively. Both loans were due to mature within the next 12 months and will now be cancelled in full.
CEO Robert Abraham said: "This new facility continues our relationship with Barclays, a key funding partner to the company.
"Our strong relationships with existing lenders and the quality of Supermarket Income REIT's portfolio continue to allow the company to access debt financing at attractive margins."
