September 2023

Radius Glaisdale

Radius Announces Extension of $23m Bank Facilities

Radius Care (NZX: RAD) is pleased to confirm the extension of the $23 million bridge facilities withASB to 31 January 2024.Sale proceeds from the previously announced sale of the Arran Court facility will be applied torepay the majority of these facilities, representing significant progress in meeting the goals of thecompany’s debt management program. For further information, please contactAndrew...

Radius Arran Court

Radius Announces $19m Sale of Facility, Material Reduction in Debt Levels.

Radius Care (NZX: RAD) has signed an agreement to sell the Arran Court facility, located in Te Atatu, Auckland. The sale is for 100% of the business, including the freehold property. The sale proceeds are approximately $19.0m (net of sale costs), with settlement planned on 16 January 2024. The sale is conditional on ASB approval. The pending transaction is also conditional on the purchaser...

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