Oceania Healthcare has refinanced its debt facilities, with strong demand from existing and new lenders, it told the market on Wednesday.
This resulted in the addition of a new syndicate member, optimal pricing, extended tenor, and no change to covenants.
Oceania Healthcare said it has no requirement for additional capital or bank borrowings.
In terms of sales, the company reported improved momentum, with new sales volumes up 29% and resales volumes up 6% in the third quarter of 2025 compared to the same period last year.
The portfolio transition is also under way, with a focus on premium offerings and amenities.
Oceania Healthcare said its development completions and continued divestment of non-core sites have resulted in a retirement portfolio mix of over 50%.
The company is now prioritising the reduction of gearing while maintaining growth.
Additionally, it announced the establishment of a centralised dedicated team for business optimisation, aiming for long-term savings of $10-$15 million annually.
The Wesley Institute of Nursing Education will be closed, with March 2025 being the final intake, due to changes in certification pathways for overseas nurses.
