Fisher Funds backs Summerset as company rejects covenant waiver claims

Fisher Funds says it is comfortable with Summerset Group's debt profile and sees no need for it to raise equity. (Image: Supplied)

Rebecca Howard

Wed, 26 Nov 2025

Summerset Group says it has no covenant waivers and Fisher Funds says it is comfortable with the retirement village and aged care company's debt profile and sees no need for it to raise equity.“With New Zealand property market activity improving, we expect Summerset remains on track to reduce its gearing over time and we see no need for the company to raise equity,” says Zoie Regan, senior investment analyst with Fisher's NZ equities team.“At the half-year result in August the company was very clear with its debt...

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