Supermarket Income REIT raises borrowing headroom
It arranged a £61.3mln expansion to its revolving credit facility (RCF) with Wells Fargo, added £20mln to its secured term loan with Deka and agreed an one-year extension alongside a £10mln hike to its RCF with HSBC.
Ben Green, director of Atrato Capital, the company’s investment adviser, said: "We are pleased to be deepening our relationships with Wells Fargo, Deka and HSBC who have been key debt funding partners.
“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 is a real estate investment trust providing secure, inflation-protected income from grocery property in the UK.