Completion of debt consolidation; financing costs reduced

Market Announcement
15 December 2025
PROMISIA CONSOLIDATES DEBT FACILITIES AND REDUCES FINANCING COSTS

Promisia Healthcare Limited (Promisia) (NZX: PHL) is pleased to announce that it has completed the
consolidation of its existing Bank of New Zealand (BNZ) debt facilities into a single group-level
structure. This marks the next step in strengthening Promisia’s balance sheet, improving funding
efficiency, and simplifying the Group’s capital structure.
Over the past two years, Promisia has undertaken a staged refinancing programme that brought all
interest-bearing debt under BNZ and reduced the Group’s weighted average interest rate. The new
structure builds on that work and aligns the Group’s borrowing arrangements with its operating
model and treasury practices.
Under the restructure, Promisia has replaced multiple site-level facilities with a single $31.1m
master facility. This simplification provides more efficient liquidity control, improved cash flow
forecasting, and a treasury framework appropriate for a multi-site aged care operator.
Following completion of the new facility, Promisia will finalise a new interest rate hedging
programme to manage its medium-term funding costs. The Group intends to hedge approximately
80% of drawn debt over a two-to-five-year period, providing greater cost certainty while retaining
flexibility to draw and repay debt in line with operating liquidity requirements.
Promisia expects the Group’s effective weighted average interest rate to reduce materially from
6.8% under the previous structure to approximately 5.7% once the hedging profile is in place. This is
expected to deliver annualised finance-cost savings of approximately $350,000.
Beyond the cost savings, the consolidation creates a simpler and more transparent funding platform:
a single facility, consistent terms and clear visibility over medium-term interest costs, aligned with
Promisia’s operating model and growth plans. This restructure builds on the strong partnership
Promisia has developed with BNZ over the past two years.
ENDS

Authority for this announcement:
Francisco Rodriguez Ferrere – Chief Financial Officer, Promisia Healthcare Limited

For more information, please contact: Francisco Rodriguez Ferrere
Phone: +64 21 245 1801 or email: Francisco.rf@promisia.co.nz

About Promisia Healthcare
Promisia is a New Zealand based aged care and retirement living provider, with a focus on delivering
quality personalised care. Our aim is to be the aged care provider of choice in our communities. Our
facilities are located in well-established and well serviced towns and metropolitan areas. Our goal is
to profitably grow our business in a sustainable manner, delivering quality care to our residents,
peace of mind to their families and whanau, and excellent value to our villages, community and
shareholders. Promisia is listed on the NZX (NZX: PHL). http://www.promisia.co.nz.