Napier Port Completes Refinancing of Banking Facilities

NXZ AND MEDIA RELEASE
12 September 2025

NPH completes refinancing of banking facilities
Napier Port Holdings (NZX.NPH) announces the successful renewal and extension of its banking
facilities with its existing banking lenders, Industrial and Commercial Bank of China NZ (ICBC NZ) and
Westpac NZ. The renewed revolving credit facilities provide improved terms and incorporate
sustainable loan provisions to support Napier Port’s increasing investment into eligible assets in
accordance with its recently established Sustainable Finance Framework
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Facility limits remain unchanged, totalling $80 million, and provide credit capacity for Napier Port’s
future capital investment programme as well as for general corporate purposes. The new weighted
average tenor of its banking facility agreements, as at the end of August 2025, is 4.35 years, and is
3.36 years for all outstanding debt including bonds ($100 million, NZDX.NPH010).
Napier Port established the Sustainable Finance Framework as another forward step in progressing
its sustainability strategy and to position the Group to access sustainable loans and/or bonds. The
Sustainable Finance Framework has been independently reviewed by Sustainable Fitch, a global
provider of independent ESG research and opinions specialising in sustainable finance, and its
Second-Party Opinion confirmed that Napier Port Holdings’ Sustainable Finance Framework has
‘Good’ alignment with the ICMA Green Bond Principles and the LMA, LSTA, and APLMA Green Loan
Principles.
Chief Financial Officer Kristen Lie said “We are pleased to secure our banking facilities as we
undertake a significant investment programme to support our growth and transformation goals and
ongoing asset replacements. By incorporating sustainable lending, ICBC NZ and Westpac NZ are
supporting us as we invest into sustainability positive projects in accordance with our Sustainable
Finance Framework and for the benefit of all stakeholders.”
For more information:

Investors Media
Kristen Lie Jo-Ann Young
Chief Financial Officer Corporate Affairs Manager
DDI +64 6 833 4405 DDI: +64 6 833 4521
E: kristenl@napierport.co.nz E: jo-anny@napierport.co.nz
About Napier Port
Napier Port is New Zealand's fourth largest port by container volume. We are the gateway for Hawke's
Bay and lower North Island's exports and operate a long-term regional infrastructure asset that
supports the regional economy. Our strategic purpose is to collaborate with the people and
organisations that have a stake in helping our region grow. View Napier Port’s investor centre:
www.napierport.co.nz/investor-centre/

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https://www.napierport.co.nz/napier-port-introduces-sustainable-finance-framework/