The company said Prologis, L.P. priced $700,000,000 of July 18, 2024 notes due 2035 at 5.000% and $400,000,000 of 5.250% notes due 2054. Closing is expected on July 23, 2024, and both notes are senior unsecured obligations.

1. 01

   The company said Prologis, L.P. priced $700,000,000 of July 18, 2024 notes due 2035 at 5.000% and $400,000,000 of 5.250% notes due 2054. Closing is expected on July 23, 2024, and both notes are senior unsecured obligations.

2. 02

   The company said the 2054 notes are a further issuance of 5.250% notes issued on January 25, 2024, totaling $450,000,000. After the issuance, the outstanding principal amount of those notes will be $850,000,000, and they will trade interchangeably under the same CUSIP/ISIN as the existing notes.

3. 03

   The company said net proceeds, after the underwriters' discount and offering expenses, are estimated at about $1.1 billion. It said the proceeds will be used for general corporate purposes, including repaying borrowings under the U.S. Dollar tranches of its global lines of credit.

4. 04

   The company said the 2035 notes mature on January 31, 2035 and the 2054 notes mature on March 15, 2054. After each Applicable Par Call Date, the notes may be redeemed at 100% of principal. It also said the indenture restricts the ability to incur additional debt and to merge or dispose of substantially all assets.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.