Supermarket Income REIT has increased its unsecured facility with Sumitomo Mitsui Banking Corporation (SMBC) by £37.5m to £104.5m.
The interest-only facility matures in September 2026 and is priced at a margin of 1.55% above SONIA on the increased amount, with the existing £67m remaining at a margin of 1.40% above SONIA, and is fully hedged for the term of the facility.
Ben Green, director of Atrato Capital, 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.”
