Oceania Healthcare has announced the extension of the maturity of its bank debt facilities to three and five years.
The company also introduced a new lender to the syndicate, with financial close set to occur on May 1, 2025.
Oceania's chief financial officer, Kathryn Waugh, expressed satisfaction with the ongoing support of the lenders and said the changes would provide the company with extended tenor, optimal pricing, and no change to financial covenant metrics.
The total limit of bank facilities will remain at $500 million, with $235m allocated to core facilities and $265m to development facilities.
As of September 30, 2024, Oceania had a total net debt headroom of $96m.
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