18th Mar 2026 10:41
Supermarket Income REIT PLC - London-based real estate investment trust for property leased to grocery retailers - Says it has increased its secured term loan for its joint venture with funds managed by Blue Owl Capital by GBP222 million to GBP437 million. The loan is from a bank syndicate comprises Barclays PLC, HSBC Holdings PLC, ING Group NV, Lloyds Banking Group PLC and Credit Agricole CIB, a unit of Credit Agricole SA.
Supermarket Income says the interest-only facility matures in June 2028, and carries two one-year extension options. Says the increased facility is priced at a margin of 1.65% above Sonia. Notes that it will receive 50% of the proceeds from the increased facility, which will be used to refinance its near-term debt maturities. After the transaction, Supermarket Income's loan-to-value, including debt within the joint venture, is 43%.
Current stock price in London: 85.90 pence, up 1.3% on Wednesday
12-month change: up 11%
Current stock price in Johannesburg: ZAR18.86, up from 0.3%
12-month change: up 2.6%
By Artwell Dlamini, Alliance News senior reporter South Africa
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