Tuesday, 21 August 2018

Announcement

GENERAL: PFI: Cancellation of Short Term Facility

29 Nov 2017 08:57NZX
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
(see attachment).

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
General Manager
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Phone: +64 9 303 9652
Email: woodhams@pfi.co.nz
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CRAIG PEIRCE
Chief Financial Officer and Company Secretary
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Phone: +64 9 303 9651
Email: peirce@pfi.co.nz
---

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
End CA:00311130 For:PFI    Type:GENERAL    Time:2017-11-29 08:57:24
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