Business
Joint Venture Refinancing Update
Supermarket Income REIT plc has increased its secured term loan for its joint venture with Blue Owl Capital by £222 million to £437 million, with an all-in fixed rate of 5.24% maturing in June 2028. The company will receive 50% of the proceeds to refinance near-term debt maturities, resulting in a post-transaction loan-to-value ratio of 43%. This refinancing highlights the company's continued access to capital and the attractiveness of its grocery real estate assets. Disclaimer*
About this update from Supermarket Income Reit Plc
18 March 2026 SUPERMARKET INCOME REIT PLC ("SUPR", or the "Company") JOINT VENTURE REFINANCING UPDATE Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces that it has increased its secured term loan with a bank syndicate comprising Barclays, HSBC, ING, Lloyds and Crédit Agricole CIB (the "Facility"), for its joint venture (the "JV") with funds managed by Blue Owl Capital ("Blue Owl"), by £222 million to £437 million. The interest-only facility matures in June 2028, and benefits from two one-year extension options at the lenders' discretion. The increased facility is priced at a margin of 1.65% above SONIA and the cost is fixed for the duration of the facility at an all-in rate of 5.24%. The Company will receive 50% of the proceeds from the increased Facility, which will be used to refinance the Company's near-term debt maturities. After the transaction, the Company's LTV, including debt within the joint venture, is 43%. Mike Perkins, CFO of Supermarket Income REIT, commented: "We are very pleased with the continued support shown by our existing lenders, and are equally pleased to welcome two new lenders, Lloyds and Crédit Agricole CIB, to the syndicate. The Company continues to have good access to capital, highlighting the strength of our relationships with lenders and the attractiveness of top performing grocery real estate assets." FOR FURTHER INFORMATION Supermarket Income REIT Rob Abraham / Mike Perkins / Chris McMahon [email protected] Headland Consultancy +44 (0)20 3805 4885 Susanna Voyle / Antonia Pollock / Dan Mahoney [email protected] NOTES TO EDITORS: &nb...
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