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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Supermarket REIT secures new £215m JV loan

(Sharecast News) - Supermarket Income REIT said it had completed a new £215m loan for its joint venture with funds managed by Blue Owl Capital. The interest-only facility has a maturity of three years, with two further one-year extension options at the lenders' discretion and is priced at a margin of 1.5% above the sterling overnight average index and the joint venture intends to hedge the drawn amount for the three-year initial term, the company said on Tuesday.

The company will receive 50% of the proceeds from the facility, which will initially be used to repay drawings under existing debt facilities, prior to redeployment.

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