PFI Refinances BNZ Facility

NZX and media
announcement
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17 June 2022



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:

Bond / bank facility Expiry Amount
CBA bank facility 16 April 2028 $125M
Syndicated bank facility 2 July 2026 $150M
PFI020 bond 1 October 2025 $100M
Syndicated bank facility 2 July 2025 $150M
PFI010 bond 28 November 2024 $100M
BNZ bank facility 2 July 2024 $100M
Weighted average expiry: 3.5 years Total: $725M

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







ABOUT PFI & CONTACT

PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 97 properties is leased to
around 133 tenants.

For further information please contact:


SIMON WOODHAMS
Chief Executive Officer
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Phone: +64 21 749 770
Email: woodhams@propertyforindustry.co.nz
CRAIG PEIRCE
Chief Finance and Operating Officer
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Phone: +64 21 248 6301
Email: peirce@propertyforindustry.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