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 2024


SUMMERSET CONSIDERS RETAIL BOND OFFER
Summerset Group Holdings Limited (Summerset) is considering making an offer of up to NZ$75 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 26 February 2024, when
the offer is scheduled to open.
Summerset has appointed Commonwealth Bank of Australia (CBA) as Arranger, and CBA, Craigs
Investment Partners Limited, Forsyth Barr Limited and Jarden Securities Limited as the Joint Lead
Managers 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 SUM050.


Joint Lead Managers



0800 272 266 0800 226 263


0800 367 227 0800 005 678

 
ENDS

For investor relations enquiries: For media enquiries:
Will Wright Louise McDonald
Chief Financial Officer Senior Communications & Media Advisor
will.wright@summerset.co.nz louise.mcdonald@summerset.co.nz
+64 21 490 251 +64 21 246 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 six proposed sites at Half Moon Bay (Auckland), Rotorua (Bay of
Plenty), Palmerston North (Manawatu), Masterton (Wairarapa), Rolleston (Christchurch), and
Mosgiel (Dunedin)
• Summerset also has two villages in development (Cranbourne North and Chirnside Park) and
five other properties in Victoria, Australia (Craigieburn, Drysdale, Mernda, Oakleigh South and
Torquay)
• Summerset provides a range of living options and care services to more than 8,000 residents