Expanding Portfolio and Financing with New Unsecured Loan

  • Supermarket Income REIT acquires four supermarkets for £82.9m
  • Acquisition includes Tesco, Marks and Spencer Foodhall, Iceland in Chineham, Basingstoke, and Asda in Carcroft, Doncaster
  • 18.7 acre Chineham site has 60,938 sq ft Tesco superstore with petrol filling station and parking spaces
  • Asda store in Carcroft comprises 45,813 sq ft omnichannel supermarket with 340 parking spaces
  • New £412.1m unsecured credit facility arranged with Barclays, Royal Bank of Canada, Wells Fargo and Royal Bank of Scotland International
  • Facility includes £250m five-year revolving credit, £100m three-year term loan, and £62.1m 18-month term loan
  • Funds to refinance £255m existing secured commitments and fund company growth

Supermarket Income REIT plc has acquired two supermarket sites in Chineham, Basingstoke and Carcroft, Doncaster for a total of £82.9m. The deal includes a Tesco superstore, Marks and Spencer Foodhall, and Iceland in Chineham, as well as an Asda store in Carcroft. The company has also arranged a new £412.1m unsecured credit facility with Barclays, Royal Bank of Canada, Wells Fargo, and Royal Bank of Scotland International. The facility includes a £250m five-year revolving credit, a £100m three-year term loan, and a £62.1m 18-month term loan to refinance existing commitments and fund growth.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the acquisition of two supermarket sites by Supermarket Income REIT plc, including details on the properties and their features, as well as the new unsecured credit facility arranged with various banks. It also includes a quote from an investment adviser that supports the news.
Noise Level: 3
Noise Justification: The article provides relevant information about a real estate investment trust’s acquisition of two supermarket sites and their financial transactions. It includes specific details about the properties and quotes from an investment adviser. However, it lacks analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: Supermarket Income REIT’s acquisition of two supermarket sites and its arrangement of a new £412.1m unsecured credit facility with major banks may impact the financial markets and companies involved in these transactions.
Financial Rating Justification: The article discusses the acquisition of supermarket properties by Supermarket Income REIT and their arrangement of a significant credit facility, which can affect the financial markets and the companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk