Networks are being used to model an increasingly diverse range of real-world phenomena. This paper introduces an exploratory approach to studying loanwords in relation to one another, using networks of co-occurrence. While traditional studies treat individual loanwords as discrete items, we show that insights can be gained by focusing on the various loanwords that co-occur within each text in a corpus, especially when leveraging the notion of a hypergraph. Our research involves a case-study of New Zealand English (NZE), which borrows Indigenous Māori words on a large scale. We use a topic-constrained corpus to show that: (i) Māori loanword types tend not to occur by themselves in a text; (ii) infrequent loanwords are nearly always accompanied by frequent loanwords; and (iii) it is not uncommon for texts to contain a mixture of listed and unlisted loanwords, suggesting that NZE is still riding a wave of borrowing importation from Māori.