Cancellation of Short Term Facility

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 --- Phone: +64 9 303 9652 Email: woodhams@pfi.co.nz --- CRAIG PEIRCE Chief Financial Officer and Company Secretary --- 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 --- www.propertyforindustry.co.nz End CA:00311130 For:PFI Type:GENERAL Time:2017-11-29 08:57:24