The company said Prologis, L.P. priced a C$750,000,000 offering of 4.200% Notes due 2033 on January 28, 2025. It said it expects the closing of the offering on February 4, 2025.

1. 01

   The company said Prologis, L.P. priced a C$750,000,000 offering of 4.200% Notes due 2033 on January 28, 2025. It said it expects the closing of the offering on February 4, 2025.

2. 02

   The company estimated net proceeds of about C$742.6 million after deducting underwriting discounts and offering expenses. It said it plans to use the proceeds for general corporate purposes, including possible repayment of borrowings under its global lines of credit and other debt.

3. 03

   The company said the Notes are senior unsecured obligations bearing interest at 4.200% per year and maturing on February 15, 2033. It said that before November 15, 2032, the Notes are redeemable at a price based on the Government of Canada Yield Rate plus 27.5 basis points, and after that date at 100% of principal amount.

4. 04

   The company said it entered into the Underwriting Agreement on January 28, 2025 with Scotia Capital Inc. and TD Securities Inc. as Underwriters. It also said the Indenture limits additional indebtedness and mergers, consolidations and dispositions of substantially all assets.

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Original filing

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