debt
confidence high
sentiment neutral
materiality 0.50
Prologis, Inc. (PLD): debt financing — Prologis L.P. prices $1.2B senior notes offering in two tranches
Prologis, Inc.
- $750M 4.750% notes due 2033 and $450M 5.250% notes due 2053.
- Net proceeds ~$1.2B for general corporate purposes, including debt repayment.
- Notes are senior unsecured obligations of Prologis L.P.
- Closing expected March 30, 2023.
- Underwriting agreement with BofA Securities, PNC Capital, Scotia Capital, Wells Fargo.