Cancellation of Short Term Facility
NZX and media
announcement
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29 November 2017
CANCELLATION OF SHORT TERM FACILITY
NZX listed industrial property landlord Property for Industry Limited (PFI, the Company) has announced
that, following yesterday’s allotment of $100 million of senior secured fixed rate 7-year bonds, the
Company has today cancelled its $40 million short term bank loan facility.
Post the allotment of the bonds and cancellation of the loan facility, the weighted average term to expiry
of PFI’s bonds and bank facilities has increased to 3.8 years as at today’s date, as illustrated in the
graph below.
Debt facility maturity profile ($m):
ENDS
ABOUT PFI & CONTACT
PFI is New Zealand’s only listed company specialising in industrial property. PFI’s portfolio of 92 properties located in Auckland,
Hamilton, Mount Maunganui, New Plymouth, Napier, Wellington, Nelson, Blenheim and Christchurch is leased to 148 tenants.
For further information please contact:
SIMON WOODHAMS CRAIG PEIRCE
General Manager Chief Financial Officer and Company Secretary
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Phone: +64 9 303 9652 Phone: +64 9 303 9651
Email: woodhams@pfi.co.nz Email: peirce@pfi.co.nz
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Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- KPG — Kiwi Property: Kiwi Property reduces bank debt facilities2017-12-20
“NZX RELEASE 20 December 2017 Kiwi Property reduces bank debt facilities Following the successful completion of Kiwi Property’s $125 million seven-year fixed-rate senior secured bond offer, the Company has today cancelled $133 million of existing bank debt facilities. Th…”