Supermarket Income REIT PLC - real estate investment trust - Arranges a new revolving credit facility of GBP80.0 million with Barclays PLC and Royal Bank of Canada. The company says the facility has a five-year term, with a total cost of debt of 1.55%. The facility also includes a GBP70 million uncommitted accordion option which is exercisable at any time over the term of the facility. "The new revolving credit facility, secured with two new lenders to Supermarket Income REIT, Barclays and Royal Bank of Canada, provides us with further diversification of competitively priced funding to support the company's growth," says Supermarket Income REIT Investment Adviser Ben Green.
Current stock price: 106.46 pence
Year-to-date change: marginally lower
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Barclays (BARC)
Supermarket Income (SUPR)
