Supermarket Income secures £80 million revolver to support growth

By Wendy Van Sickle

Columbus, Ohio, Jan. 22 – Supermarket Income REIT plc arranged an £80 million revolving credit facility with Barclays and Royal Bank of Canada, according to a press release.

The facility carries an initial three-year term and two further one-year extension options.

Once drawn, the facility has an opening margin of 150 basis points over Sonia, which is currently equivalent to a total cost of 1.55% per year.

Supermarket Income said the revolver has a £70 million uncommitted accordion option.

Supermarket Income, a closed-ended investment company specializing in supermarket real estate, said the revolver will support company growth.

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