Property For Industry (NZE:PFI) completed a refinancing of its bank facilities with ANZ Group (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of Australia (ASX:CBA), and Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand unit, according to a Friday filing with the New Zealand bourse.

The refinancing consolidated and restructured a number of facilities, resulting in a revised maturity profile with the facilities now due in July 2029, 2030, and 2031, per the filing.

Following the refinancing, total committed bank facilities fell to NZ$600 million from NZ$675 million, the company said.

Property For Industry also implemented a new facility structure that enables it to adjust commitments between green and non-green debt tranches, subject to certain conditions, with aggregate tranche limits remaining equal to their total facility limit.

Adjustable green tranches give the company more financing flexibility, it said, adding that "all significant new developments will target a 5 Green Star rating."

Property For Industry shares gained nearly 3% in recent Friday trade.