Supermarket Income REIT PLC - London-based grocery property investor - Increases three of its debt facilities collectively by GBP91.3 million. Ups its revolving credit facility with Wells Fargo Bank by GBP61.3 million and its short-term loan with Deka Capital Advisors LLP by GBP20.0 million and adds a one-year extension with a GBP10.0 million increase to its revolving credit facility with HSBC Ltd.
"We are pleased to be deepening our relationships with Wells Fargo, Deka and HSBC who have been key debt funding partners," says Ben Green, director of Atrato Capital Ltd, investment adviser to Supermarket Income. "These transactions demonstrate continuing lender appetite and provide us with competitively priced debt funding to help us grow as we explore further acquisition opportunities."
Supermarket Income also has credit facilities with Barclays PLC and Royal Bank of Canada, arranged back in January.
By Josie O'Brien; josieobrien@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Supermarket Income (SUPR)