debt
confidence high
sentiment neutral
materiality 0.40
Prologis L.P. issues $1.25B of senior notes in two tranches due 2034 and 2054
Prologis, Inc.
- $800M of 5.000% notes due 2034 and $450M of 5.250% notes due 2054 issued on January 25, 2024.
- Net proceeds of ~$1.23B to be used for general corporate purposes, including repayment of credit lines.
- Notes are senior unsecured obligations of Prologis L.P., guaranteed by Prologis Inc.
- Underwriting syndicate led by BofA, ING, J.P. Morgan, Mizuho, and SMBC Nikko.