Supermarket Income REIT (SUPR) has completed a £170m refinancing through its first private placement debt issuance and a new unsecured bank facility.
In a stock exchange notice on Friday (26 July), the trust said it had agreed the refinancing of two debt tranches, including a €83m private placement debt issue and £100m new debt facility. The private placement of €83m of new senior unsecured notes was agreed with a group of institutional investors. The notes have a seven-year maturity period and a fixed coupon rate of 4.44% Supermarket Income REIT extends debt facility with Japanese bank The proceeds will be used to refinance euro drawings under an existing secured revolving credit facility with HSBC, which had been used to fund ...
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