debt
confidence high
sentiment neutral
materiality 0.60
Prologis prices €750M of 4.625% Notes due 2033; net proceeds ~€742M to repay credit lines
Prologis, Inc.
- Prologis Euro Finance LLC issued €750M aggregate principal of 4.625% Notes due May 23, 2033.
- Net proceeds of ~€742M (~$805M) after underwriting discounts and expenses.
- Proceeds will repay Euro tranches of global credit lines and for general corporate purposes.
- Notes are senior unsecured obligations fully and unconditionally guaranteed by Prologis, L.P.
- Notes redeemable at option; redemption price is greater of 100% or present value plus 35 bps before Par Call Date (Feb 23, 2033).