Extension of debt facilities on improved terms
13/05/2026 16:48 NZST, MKTUPDTE
Vital Healthcare Property Trust (Vital) is pleased to announce it has executed documentation to extend and improve the terms and flexibility of its funding arrangements.
Highlights
- Debt facilities totalling approximately NZ$1.40 billion refinanced across existing Vital financiers
- New banking partner added, enhancing debt appetite and flexibility
- Weighted average debt duration (31 March 2026 pro-forma) extended to 4.6 years, with no expiries before April 2028
- Terms improved, including enhanced pricing and modernisation of borrowing terms and conditions
- Total funding lines unchanged at approximately NZ$1.58 billion
Michael Groth, Vital CFO said,
“We are pleased to have successfully completed the refinance with the continued support of our banking group. The term extensions and improved facility terms enhance Vital’s already robust capital position and increase financial flexibility.
These improvements provide a more resilient funding structure and position Vital well to navigate the current period of elevated economic uncertainty and market volatility.”
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ENQUIRIES
Chris Adams
Chief Executive Officer
Vital Healthcare Properties Management Limited
Tel +61 408 665 332, Email chris.adams@vhpt.co.nz
Michael Groth
Chief Financial Officer,
Vital Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@vhpt.co.nz
Jarrod Gill
Head of Investor Relations,
Vital Healthcare Properties Management Limited
Tel +61 408 612 998, Email jarrod.gill@vhpt.co.nz