secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001104659-23-097289
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prologis enters JPY58.5B yen revolver, maturing Aug 2027, with sustainability pricing
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- Prologis L.P. guarantees JPY58.5B revolver (expandable to JPY75.0B) for Japanese subsidiary.
- Spread set at 34 bps over TIBOR; margin adjusts based on LEED certification and solar metrics.
- Maturity August 25, 2027, with one-year extension option upon fee payment.
- Cross-acceleration triggered if recourse debt exceeds USD150M.
- Prologis, Inc. not a guarantor unless it later guarantees other debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000110465923097289/0001104659-23-097289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000110465923097289/tm2325270d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer