PFI Refinances BNZ Facility

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: (See table in the attached PDF) 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 --- Phone: +64 21 749 770 Email: woodhams@propertyforindustry.co.nz CRAIG PEIRCE Chief Finance and Operating Officer --- Phone: +64 21 248 6301 Email: peirce@propertyforindustry.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:00393960 For:PFI Type:GENERAL Time:2022-06-17 11:50:14