Vital Extension and expansion of bank facility

About Vital Healthcare Property Trust
Vital Healthcare Property Trust (NZX: VHP) is Australasia’s largest listed investor in healthcare real estate. Tenants include
hospital operators and healthcare practitioners who deliver a wide range of medical and healthcare related services. The
Manager of Vital Healthcare Property Trust is NorthWest Healthcare Properties Management Limited.
vhpt.co.nz


6 June 2018

Extension and expansion of bank facility
Vital Healthcare Property Trust (Vital) announced today that it has extended and
expanded its existing bank facility adding A$100m of additional capacity.
Two tranches of the Trust’s existing facility with ANZ and BNZ were due to expire on 31 March 2019
and renewed as follows:

 Tranche A, representing A$125m, was extended to March 2021.

 Tranche B was expanded to A$200m (from A$100m previously) and extended to July 2022.
Following the refinancing activity Vital’s weighted average debt maturity increased by 1.1 years to 3.2
years.

It is expected that Vital’s weighted average effective interest rate on borrowings (inclusive of margin,
fees, and hedging) will be 4.43% with approximately 64% of drawn borrowings at fixed rates.

An updated debt maturity profile is attached as an appendix to this announcement.


- ENDS -

ENQUIRIES
David Carr, Chief Executive Officer
NorthWest Healthcare Properties Management Ltd, Telephone 09 973 7301, Email dcarr@vhpt.co.nz

Stuart Harrison, Chief Financial Officer
NorthWest Healthcare Properties Management Ltd, Telephone 09 973 7302, Email sharrison@vhpt.co.nz

Jason Kepecs, Manager, Director, Investments & Investor Relations
NorthWest Healthcare Properties Management Ltd, Telephone 09 973 7303, Email jkepecs@vhpt.co.nz

Appendix:

Vital’s debt maturity profile as at 5 June 2018 is shown in the following table.






Vital’s bank facility comprises A$700m (NZ$761m at current NZD/AUD exchange rate) and NZ$20m
from a syndicate of banks that includes ANZ (New Zealand), ANZ (Australia), and BNZ (New Zealand).

As at 5 June 2018, Vital had NZ$123m of headroom under its bank facility.
Debt maturity profile
Facility
Facility
(NZD $000's)
(%)
Remainder of FY2018
-


-


FY2019
-


-


FY2020
-


-


FY2021
373,376


48%
FY2022
190,279


24%
FY2023
217,462


28%
Total debt facilities
781,118
100%
Total debt facilities drawn
658,137
Total debt facilities remaining
122,981
n/a
n/a
n/a
Lender
(in millions)
A$125.0 / NZ$20.0
A$125.0
A$75.0
A$87.5
A$87.5
A$62.5
A$137.5
Legend:
A NZ (NZ)
ANZ (AU)
BNZ