'Prudent steps': Ryman amends covenants and extends debt

'Prudent steps': Ryman amends covenants and extends debt
Ryman executive chair Dean Hamilton said last week that Ryman is being “prudent”. (Image: Supplied)
Gregor Thompson
Retirement living and aged care operator Ryman Healthcare has agreed to amend debt covenants and has extended one of its banking facilities.Ryman’s interest coverage ratio covenant (ICR) levels, which represent the number of times a company can successfully pay its obligations with earnings, have been amended for testing periods through March 2026.The ICR for the 12 months to September 2024 and March 2025 has been lowered to 1.50x from 1.75x. The covenant for the 12 months to September 2025 is down to 1.75x from 2x. The covenant for...

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