Napier Port secures sustainable banking facilities

Napier Port Holdings announced on September 12, 2025, the successful renewal and extension of its banking facilities with existing lenders Industrial and Commercial Bank of China NZ (ICBC NZ) and Westpac NZ. The refined revolving credit facilities feature improved terms and now include sustainable loan provisions designed to support Napier Port's increasing investment into eligible assets, aligning with its recently established Sustainable Finance Framework.

The facility limits remain unchanged at $80 million, providing credit capacity for both future capital investment programs and general corporate purposes. As of August 2025, the new weighted average tenor of its banking facility agreements stands at 4.35 years. For all outstanding debt, including bonds ($100 million), the average tenor is 3.36 years.

Napier Port's Sustainable Finance Framework, developed to enable access to sustainable loans and/or bonds, has been independently reviewed by Sustainable Fitch. Their Second-Party Opinion confirmed a 'Good' alignment with the ICMA Green Bond Principles and the LMA, LSTA, and APLMA Green Loan Principles. Chief financial officer Kristen Lie highlighted that this sustainable lending approach supports growth and transformation goals and benefits all stakeholders.