Supermarket Income REIT Plc (GB:SUPR) has released an update.
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Supermarket Income REIT plc has announced the successful completion of a £170 million debt refinancing, comprising an €83 million private placement of senior unsecured notes and a new £100 million unsecured debt facility with ING. This strategic financial restructuring, which includes favorable terms and an interest cap, has positioned the company with a pro-forma loan-to-value ratio of 37%. The move has garnered positive support from institutional investors and reflects confidence in the quality of the company’s portfolio.
For further insights into GB:SUPR stock, check out TipRanks’ Stock Analysis page.
