New Zealand: Summerset signs biggest sustainability-linked loan in the Kiwi market

New Zealand retirement village and aged care provider, Summerset Group, has raised a NZ$700m (US$492m) syndicated five-year sustainability-linked loan (SLL) as part of a multi-currency refinancing exercise of about NZ$1.2bn. The SLL is the largest such transaction in New Zealand and the first within the country’s healthcare sector. Margin payments on the loan are adjusted…