Vital Limited advised that its banking facility with Bank of New Zealand (BNZ) has been renewed for a further one year term, to January 2025. The renewal follows an 8% or $1.1 million net debt reduction during fiscal year 2022 and reflects part of Vital's ongoing performance reset to deliver a stronger and more sustainable financial foundation for shareholders. Under the renewal the facility limits remain unchanged, with only minor amendments to terms and covenants.

The pricing (i.e. the margin over base rate) is also unchanged.