PFI
03/02/2016 11:15
GENERAL
PRICE SENSITIVE
REL: 1115 HRS Property for Industry Limited
GENERAL: PFI: PFI Financing Update, Details of Annual Results Webcast
PFI FINANCING UPDATE, DETAILS OF ANNUAL RESULTS WEBCAST
Financing update
NZX listed industrial property landlord Property For Industry Limited (PFI)
is pleased to announce that the company's $375 million syndicated bank loan
facility has been refinanced on competitive terms.
Existing lenders ANZ, BNZ, CBA and Westpac have committed two $187.5 million
tranches until May 2020 and 2021, extending the average term to expiry to
4.75 years as at today's date.
The cost of the facilities was also reduced, which will provide PFI with
savings on interest expense and bank fees during 2016.
Annual results webcast
PFI also advises that it will release its annual results for the year ended
31 December 2015 to the New Zealand Stock Exchange (NZX) on Monday, 15
February 2016.
The PFI management team will present the results via live webcast from 11.00
am NZT on that day. To view and listen to the webcast, please visit
http://edge.media-server.com/m/p/79puo8ta.
We recommend you log on a few minutes before the start time, and if you
cannot attend the live webcast, a recording will be available to view on
PFI's website shortly after the conclusion of the live event.
Copies of the announcement, presentation, financial statements and associated
NZX filings will be lodged with NZX prior to the webcast.
Contact
For further information please contact:
Simon Woodhams
General Manager
Phone: +64 9 303 9652
Email: [email protected]
Craig Peirce
Chief Financial Officer and Company Secretary
Phone: +64 9 303 9651
Email: [email protected]
About PFI
PFI is New Zealand's only listed company specialising in industrial property.
PFI's portfolio of 84 industrial properties in Auckland, Hamilton, Mount
Maunganui, Wellington and Christchurch, is leased to 141 tenants.
www.propertyforindustry.co.nz
End CA:00277186 For:PFI Type:GENERAL Time:2016-02-03 11:15:50
