PFI Refinances BNZ Facility

Property for Industry Limited (PFI, the Company) is pleased to announce that it has refinanced its $100 million loan facility from the Bank of New Zealand (BNZ).

The facility expiry date has been extended by one year from 2 July 2023 to 2 July 2024. The extended facility is in addition to PFI’s bonds and other bank facilities, which are detailed in the table below:

(See table in the attached PDF)

Post this refinancing, the weighted average term to expiry of the Company’s bonds and bank facilities has increased to 3.5 years, as at 2 July 2022.

PFI Chief Finance and Operating Officer, Craig Peirce, notes: “We are very pleased to have refinanced the facility from one of our key banking partners, BNZ. High levels of liquidity from a diverse range of sources provide us with funding flexibility to continue to pursue the strategies we laid out at our Annual Meeting in May.”

ENDS

•  PFI Refinances BNZ Facility

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