SUPERMARKET INCOME REIT PLC - 90 Million debt refinancing update

£90 Million debt refinancing update

SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company")


2 May 2025

                                               £90 Million debt refinancing update

Supermarket Income REIT plc (LSE: SUPR), announces the completion of a £90.0 million refinancing through
a new unsecured debt facility with Barclays (the "Facility").

The Facility will be used to refinance the Company's existing secured debt facilities with Wells Fargo and
Bayerische Landesbank of £30.0 million1 and £55.4 million respectively. These facilities are due to mature in
the next 12 months and will now be cancelled in full.

The interest-only Facility has a maturity of three years, with two one-year extension options at the lender's
discretion, and is priced at a margin of 1.55% above SONIA. The Company intends to use the value of the
existing interest rate hedges on the refinanced Wells Fargo and Bayerische Landesbank facilities to cap the
interest rate on the Facility at 5.0% for the three year term, at no additional cost to the Company.

Following the debt refinancing and completion of the recently announced joint venture, the Company has an
expected pro-forma LTV of c.31%.

Robert Abraham, CEO of Supermarket Income REIT, commented:

"This new Facility continues our relationship with Barclays, a key funding partner to the Company. Our strong
relationships with existing lenders and the quality of Supermarket Income REIT's portfolio continue to allow
the Company to access debt financing at attractive margins."


    FOR FURTHER INFORMATION                   
    Supermarket Income REIT plc                                   ir@suprplc.com
    Rob Abraham / Mike Perkins / Chris McMahon


    Stifel Nicolaus Europe Limited                                +44 (0)20 7710 7600
    Mark Young / Rajpal Padam / Catriona Neville                  
                                                                 
    Goldman Sachs International                                   +44 (0)20 7774 1000
    Tom Hartley / Luca Vincenzini

    FTI Consulting                                                +44 (0)20 3727 1000
    Dido Laurimore / Eve Kirmatzis / Andrew Davis SupermarketIncomeREIT@fticonsulting.com
                                                  

 1Total loan facility of £39 million, of which £30 million has been drawn.

 NOTES TO EDITORS:

 Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in
 grocery properties which are an essential part of the feed the nation infrastructure. The Company focuses on
 grocery stores which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are
 let to leading supermarket operators in the UK and Europe, diversified by both tenant and geography.

 The Company's assets earn long-dated, secure, inflation-linked, growing income. The Company targets a
 progressive dividend and the potential for capital appreciation over the longer term.

 The Company is listed on the closed-ended investment funds category of the FCA's Official List and its
 Ordinary Shares are traded on the LSE's Main Market. The Company also has a secondary listing 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
 

 Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for
 Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company
 for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection with the matters referred to in
 this announcement.

 Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
 Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this
 announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs
 International nor for providing advice in connection with the matters referred to in this announcement.




United Kingdom

Sponsor: PSG Capital

Date: 02-05-2025 07:05:00
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