Precinct refinances bank facilities

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494
2267
NZX announcement – 10 July 2018
Precinct refinances bank facilities
Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announced today that it has
refinanced its $760 million bank debt facility which was due to expire in November 2020.
The refinance extends $460 million of the existing facilities in two new tranches expiring in July
2022 and July 2023, with the balance of the facility expiring in November 2020.
The refinance extends the tenor of the existing facilities, reducing refinancing risk and improves
the weighted average term to expiry out to over 4 years. Funding continues to be provided by
Precinct’s existing lenders ANZ, BNZ, CBA, Westpac and HSBC.
Scott Pritchard, Precinct’s CEO said, “The new facility reduces refinancing risk to our business
and provides sufficient funding capacity to deliver our committed developments”.
ends-
For further information, please contact:
Richard Hilder
Chief Financial Officer
Office: +64 9 927 1645
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz

About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominately in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns 14
New Zealand buildings – Auckland’s PwC Tower, AMP Centre, ANZ Centre, Zurich House, HSBC
House, Mason Brothers Building, 12 Madden Street and Commercial Bay; and Wellington’s AON
Centre, Dimension Data House, No. 1 and No. 3 The Terrace, Pastoral House, Mayfair House and
Bowen Campus.
Scott Pritchard George Crawford
Chief Executive Officer Chief Operating Officer
Office: +64 9 927 1640 Office: +64 9 927 1641
Mobile: +64 21 431 581 Mobile: +64 21 384 014
Email: scott.pritchard@precinct.co.nz Email: george.crawford@precinct.co.nz