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Ryman Healthcare Aligns Bond Trust Deed Covenants With Bank Facility Terms

Story Highlights
  • Ryman Healthcare has updated its bond trust deed to align guaranteeing group coverage definitions with its bank facility agreement.
  • The amendments cover existing and future bonds and are certified as not materially adverse to bondholders under New Zealand law.
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Ryman Healthcare Aligns Bond Trust Deed Covenants With Bank Facility Terms

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Ryman Healthcare ( (RHCGF) ) has issued an announcement.

Ryman Healthcare has amended its Master Trust Deed governing its senior secured bonds, which trade on NZX under the ticker RYM010. The changes revise key definitions tied to the guaranteeing group coverage covenant so that they align with those used in the company’s bank facility agreement.

The revised deed will apply to Ryman’s existing RYM010 retail bond series and any future bonds issued under the framework. The company’s supervisor has confirmed the amendments do not materially adversely affect bondholders and that the updated deed complies with relevant provisions of New Zealand’s Financial Markets Conduct Act, underscoring regulatory alignment and continuity for debt investors.

More about Ryman Healthcare

Ryman Healthcare is New Zealand’s largest retirement living and aged care provider and a leading integrated operator in Victoria, Australia. Dual listed on the NZX and ASX, it owns and operates 49 integrated retirement villages across both countries, offering independent living, assisted living, and aged care services to more than 15,000 residents and employing 7,800 staff.

For detailed information about RHCGF stock, go to TipRanks’ Stock Analysis page.

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