Radius Care (NZX: RAD) has announced the extension of its $23 million bridge facilities with ASB until January 31, 2024.
The sale proceeds from the Arran Court facility will be used to repay the majority of these facilities, marking progress in the company's debt management program.
Radius Care operates in the New Zealand aged care and retirement village sectors, with 24 facilities and over 1,900 employees.
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Auckland surgical products company is forecasting annual profit of between $2m to $6m.
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