Prologis said Prologis, L.P. and its affiliates entered into an Amended and Restated Global Senior Credit Agreement with Bank of America, N.A. as Global Administrative Agent on May 22, 2025 (the 2025 Global Facility). The agreement amends and restates the existing Global Senior Credit Agreement, dated June 30, 2022.

1. 01

   Prologis said Prologis, L.P. and its affiliates entered into an Amended and Restated Global Senior Credit Agreement with Bank of America, N.A. as Global Administrative Agent on May 22, 2025 (the 2025 Global Facility). The agreement amends and restates the existing Global Senior Credit Agreement, dated June 30, 2022.

2. 02

   The company said the 2025 Global Facility allows the borrowers to obtain loans and issue letters of credit in various currencies on a revolving basis for up to approximately $3,000,000,000 (U.S. Dollar equivalent), and includes an accordion feature to increase the facility by up to $1,000,000,000. As of the closing date, the U.S. Dollar Tranche was $2,000,000,000 and the Euro Tranche was €895,736,295.23.

3. 03

   The company said the 2025 Global Facility is scheduled to mature on June 29, 2029, and the Operating Partnership may extend the maturity date by 6 months on two occasions, at its option and subject to an extension fee, to December 28, 2029 and June 28, 2030. As of the closing date, the spread was 69 basis points, and pricing, including the spread, varies based on the public debt ratings of the Operating Partnership.

4. 04

   The company said the Operating Partnership has unconditionally guaranteed all obligations of each other borrower, and the facility includes a cross-acceleration provision for other recourse indebtedness exceeding $150,000,000. The company also said it entered into a Second Amendment to the facility on the same day, conforming certain provisions of the facility to the terms of the 2023 Global Facility, which is 2025 Global Facility.

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