Summerset Considers Retail Bond Offer

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz



NZX & ASX RELEASE

3 SEPTEMBER 2018

SUMMERSET CONSIDERS RETAIL BOND OFFER
Summerset Group Holdings Limited (Summerset) is considering making an offer of up to $75 million (with
the ability to accept up to $25 million of oversubscriptions at Summerset’s discretion) of seven year, fixed rate
bonds to New Zealand institutional and retail investors. The bonds will be unsubordinated obligations of
Summerset, and will have the benefit of a guarantee and security package provided by the Summerset
guaranteeing group.
Summerset Chairman Rob Campbell said he is pleased that Summerset is considering another retail bond
issue after its successful inaugural issue in June 2017.
“Another bond issue allows Summerset to continue to diversify funding sources and tenor, and provide funding
certainty for future years,” said Mr Campbell.
It is expected that full details of the offer will be released the week beginning the 10
th
September 2018, when
the offer is expected to open.
Summerset has appointed ANZ Bank New Zealand Limited (ANZ) as Arranger, and ANZ, First NZ Capital
Securities Limited, Forsyth Barr Limited and Hobson Wealth Partners Limited as Joint Lead Managers in
relation to the proposed offer.
Investors can register their interest in the offer by contacting a Joint Lead Manager as detailed below, or their
financial adviser. Indications of interest will not constitute an obligation or commitment of any kind to acquire
the bonds.
No money is currently being sought and applications for the bonds cannot currently be made. If Summerset
offers the bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an
offer of debt securities of the same class as existing quoted debt securities. The bonds are expected to be
quoted on the NZX Debt Market.

Joint Lead Managers




0800 269 476

0800 005 678



0800 367 227
0800 742 737
ENDS

For investor relations enquiries: For media enquiries:
Scott Scoullar Jenny Bridgen
Deputy CEO and CFO Senior Communications Advisor
scott.scoullar@summerset.co.nz jenny.bridgen@summerset.co.nz
04 894 7320 or 029 894 7317 04 830 1106 or 021 408 215


ABOUT SUMMERSET

 Summerset is one of the leading operators and developers of retirement villages in New Zealand, with
23 villages completed or in development across the country. In addition, Summerset has eight sites
for development in Parnell (Auckland), St Johns (Auckland), Avonhead (Christchurch), Te Awa
(Napier), Pohutukawa Place (New Plymouth), Richmond (Tasman), Kenepuru (Wellington) and Lower
Hutt (Wellington), bringing the total number of sites to 31.
 It provides a range of living options and care services to more than 5,000 residents.
 Four-time winner of Retirement Village of the Year and Silver Award winner in the Reader’s Digest
Quality Service Awards 2017.
 The Summerset Group has villages in Aotea, Casebrook, Dunedin, Ellerslie, Hamilton, Hastings,
Havelock North, Hobsonville, Karaka, Katikati, Levin, Manukau, Napier, Nelson, New Plymouth,
Palmerston North, Paraparaumu, Rototuna, Taupo, Trentham, Wanganui, Warkworth and Wigram.