£445 Million Debt Refinancing
Summary by AI BETAClose X
2 July 2026
SUPERMARKET INCOME REIT PLC
("SUPR", or the "Company")
£445 MILLION DEBT REFINANCING
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces the completion of a £445 million refinancing, delivering lower borrowing costs and increasing average debt maturity.
The new facilities - a £375 million syndicate and £70 million bilateral - will refinance all of SUPR's existing unsecured loan facilities maturing over the next two years, and comprise:
- £225 million syndicated three-year RCF;
- £45 million bilateral three-year RCF;
- £150 million syndicated five-year RCF;
- £25 million bilateral five-year RCF; and
- Each facility benefiting from two one-year extension options.
As part of the refinancing, the Company has added two new banking relationships with Lloyds Bank plc and ABN AMRO Bank N.V, while retaining its core banking relationships within existing facilities with Barclays Bank PLC, HSBC UK Bank plc, ING Bank N.V., and The Royal Bank of Scotland International Limited. This further demonstrates the strong appeal of high-quality grocery assets to lenders, and SUPR's continued ability to access liquidity on attractive terms.
The average margin across the facilities is 1.18% above SONIA (drawn basis), representing an annual interest cost saving of c.£0.3 million. The new facilities will be used to repay the existing Barclays, ING and syndicated RCFs, increasing the Company's weighted average debt maturity from 2.9 years to 3.8 years. Following the refinancing, the Company has no debt maturing until June 2028.
The Company's Weighted Average Cost of Debt is 4.4% and is 98% fixed or hedged until June 2028.
Barclays Bank PLC acted as sole coordinator.
Mike Perkins, CFO of Supermarket Income REIT, commented:
"The strong support from our existing lenders and new partners in Lloyds and ABN AMRO reflects the ongoing appeal of grocery assets within the lending community. We continue to access bank finance at attractive rates, underlining the quality of our portfolio, the confidence in our strategy, and the strength of our relationships. The improvement in our debt maturity profile further enhances our capital structure which remains well diversified by maturity and source."
|
FOR FURTHER INFORMATION |
|
|
Supermarket Income REIT |
|
|
Rob Abraham / Mike Perkins / Chris McMahon |
|
|
|
|
|
Headland Consultancy |
+44 (0)20 3805 4885 |
|
Susanna Voyle / Antonia Pollock / Dan Mahoney |
|
|
|
|
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe. The portfolio was valued at £2.1 billion as at 31 December 2025.
The Company's properties earn long-dated, secure, inflation-linked, growing rental income. SUPR targets a progressive dividend and the potential for long term capital growth.
The Company's shares are traded on the LSE's Main Market and on the Main Board of the JSE Limited in South Africa.
Further information is available on the Company's website www.supermarketincomereit.com
LEI: 2138007FOINJKAM7L537
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund