The company said Prologis, L.P. priced offerings of 5.000% Notes due 2034 totaling $800,000,000 and 5.250% Notes due 2054 totaling $450,000,000 on January 18, 2024, and closed the issuance and sale on January 25, 2024.

1. 01

   The company said Prologis, L.P. priced offerings of 5.000% Notes due 2034 totaling $800,000,000 and 5.250% Notes due 2054 totaling $450,000,000 on January 18, 2024, and closed the issuance and sale on January 25, 2024.

2. 02

   The company said the net proceeds from the sale of the notes, after the underwriters' discount and offering expenses, are estimated at about $1.23 billion. It said it intends to use the proceeds for general corporate purposes, including repaying borrowings under its global lines of credit.

3. 03

   The company said the 2034 Notes bear interest at 5.000% per year and mature on March 15, 2034, and the 2054 Notes bear interest at 5.250% per year and mature on March 15, 2054. It also said both series are senior unsecured obligations of the Operating Partnership.

4. 04

   The company said the notes may be redeemed before the Applicable Par Call Date at the greater of 100% of principal and the present value of remaining scheduled payments discounted at the Treasury Rate plus 15 basis points. It also said the Indenture restricts additional indebtedness and mergers or asset dispositions.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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