Completion of debt consolidation; financing costs reduced

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.