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Investment
4 mins to read
1

Radius Care on track to meet looming debt repayment, says CEO

The aged care provider is selling off assets to repay ASB Bank for its $23m loan facility, which expires in late January.

Radius Care’s Matamata Lodge.

Nicholas Pointon Mon, 27 Nov 2023
Key points
  • Revenue: Up 21% to $84.5m.
  • Profit: Down 18% to $1.4m. 
  • Main takeaway: The company says it is on track to repay an outstanding debt facility in January, after pushing it back several times. 

NZX-listed aged care provider Radius Care is tracking towards meeting a looming debt repayment, which was pushed back until January 2024 a few months ago.

The company, which specialises in providing aged care to elderly New Zealanders, has been looking to sell assets to repay its recent debt-funded

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Nicholas Pointon Mon, 27 Nov 2023
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Andrew Peskett Radius Care aged care provider Brien Cree
Company profile
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Related News
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Radius Care CFO resigns with immediate effect
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Andrew Peskett new Radius Care CEO
General Business

Radius Care chief executive resigns
Key points
  • Revenue: Up 21% to $84.5m.
  • Profit: Down 18% to $1.4m. 
  • Main takeaway: The company says it is on track to repay an outstanding debt facility in January, after pushing it back several times. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
General Business
2

RVRA says villages operators are ‘scaremongering’ over buybacks
General Business
1

Retirement lobby ‘categorically opposed’ to mandatory buybacks
Comings & Goings
1

Radius Care CFO resigns with immediate effect
Investment
1

Andrew Peskett new Radius Care CEO
General Business

Radius Care chief executive resigns
Radius Care on track to meet looming debt repayment, says CEO
Investment,
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