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

20 February 2023

SUMMERSET CONSIDERS RETAIL BOND OFFER
Summerset Group Holdings Limited (Summerset) is considering making an offer of up to NZ$125 million
(with the ability to accept up to an additional NZ$50 million of oversubscriptions at Summerset’s discretion)
of six year, fixed rate bonds to New Zealand 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.
It is expected that full details of the offer will be released in the week beginning 27 February 2023, when
the offer is scheduled to open.
Summerset has appointed ANZ Bank New Zealand Limited (ANZ) as Arranger, and ANZ, Craigs
Investment Partners Limited, Forsyth Barr Limited and Jarden Securities Limited as the Joint Lead
Managers and Hobson Wealth Partners Limited as a Co-Manager in relation to the proposed offer.
Investors can register their interest in the proposed offer by contacting a Joint Lead Manager detailed
below, or their usual 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 under the ticker SUM040.

Joint Lead Managers













Co-Manager






ENDS


For investor relations enquiries: For media enquiries:
Will Wright Louise McDonald
Chief Financial Officer Senior Communications Advisor
will.wright@summerset.co.nz louise.mcdonald@summerset.co.nz
021 490 251 021 246 3793


ABOUT SUMMERSET

• Summerset is one of the leading operators and developers of retirement villages in New Zealand,
with 38 villages completed or in development nationwide
• In addition, Summerset has five proposed sites at Half Moon Bay (Auckland), Parnell (Auckland),
Rotorua (Bay of Plenty), Kelvin Grove (Palmerston North), and Masterton (Wairarapa)
• Summerset also has seven properties in Victoria, Australia, bringing the total number of sites to
50.
• Summerset provides a range of living options and care services to more than 7,400 residents.