Friday 17th June 2022 |
Text too small? |
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
No comments yet
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director
CHI - New customer contract to upgrade Marsden Point
Synlait announces changes to Board of Directors
May 1st Morning Report
Devon Funds Morning Note - 30 April 2024