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Radius Care on track to meet looming debt repayment, says CEO

The aged care provider is selling off assets to repay ASB Bank for its $23m loan facility, which expires in late January.

Radius Care’s Matamata Lodge.

Key points
  • Revenue: Up 21% to $84.5m.
  • Profit: Down 18% to $1.4m. 
  • Main takeaway: The company says it is on track to repay an outstanding debt facility in January, after pushing it back several times. 

NZX-listed aged care provider Radius Care is tracking towards meeting a looming debt repayment, which was pushed back until January 2024 a few months ago.

The company, which specialises in providing aged care to elderly New Zealanders, has been looking to sell assets to repay its recent debt-funded

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Key points
  • Revenue: Up 21% to $84.5m.
  • Profit: Down 18% to $1.4m. 
  • Main takeaway: The company says it is on track to repay an outstanding debt facility in January, after pushing it back several times. 
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Radius Care on track to meet looming debt repayment, says CEO
Investment,
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