debt
confidence high
sentiment neutral
materiality 0.55
Prologis, Inc. (PLD): debt financing — Prologis Euro Finance prices €1.25B notes offering (3.875%/4.250%) due 2030/2043
Prologis, Inc.
- Issued €600M 3.875% notes due 2030 and €650M 4.250% notes due 2043.
- Net proceeds estimated at ~€1.2B (~$1.3B); used for general corp purposes including debt repayment.
- Notes are senior unsecured obligations of Prologis Euro Finance, fully guaranteed by Prologis, L.P.
- Underwriters include BNP Paribas, HSBC, ING, J.P. Morgan; closing expected Jan 31, 2023.