Bank Facility Update – Capital Raising Requirement Removed

NZX RELEASE
31 July 2023
Bank Facility Update – Capital Raising Requirement Removed
Radius Care (NZX: RAD) is pleased to confirm an amendment to the terms of its lending
arrangements with ASB.
ASB has endorsed the debt management program presented to the bank as an alternative to
an equity raise and has correspondingly removed the requirement to have $30m of equity
commitments.
Radius Care is proactively working on the debt management program (as outlined in Radius
Care’s 2023 Annual Report) with progress on the revised plan to be reviewed on or before 30
September 2023.
ENDS
CONTACT DETAILS
For further information, please contact:
Wendy Jenkins
Chief Financial Officer
Phone: +64 27 471 2377
Email: Wendy.Jenkins@radiuscare.co.nz

About Radius Care
Radius Residential Care Ltd was founded in 2003 and operates in the New Zealand aged care
and retirement village sectors. It is a nationwide provider offering the full range of
accommodation and care options giving residents the ability to "age in place". Today, Radius
Care operates 24 aged care facilities, of which it owns 13 and leases 11. Four owned facilities
also include retirement villages and Radius Care’s online shop sells specialist assisted-living
products. The company employs over 1,900 people, including highly qualified healthcare staff
who are committed to providing the very best in nursing care. Radius Care listed on the NZX
in December 2020. For more information visit radiuscare.co.nz or check out our Facebook
page @RadiusCareNZ.