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Supermarket Income REIT secures £100m RCF

Supermarket Income REIT has secured a £100m loan from HSBC to help fund its expansion after an acquisitive two months since making its debut on the London stock market.
By Kasmira Jefford
August 30, 2017 | 1:18 P.M.

The revolving credit facility has a three-year term and two further one year extension options. Once drawn, the RCF has an opening margin of 160 basis points over 3 month LIBOR which is currently equivalent to a total cost of 2.2% per annum.

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News | Supermarket Income REIT secures £100m RCF