debt
confidence high
sentiment neutral
materiality 0.60
Prologis L.P. prices $1.1B notes offering: $700M 5.000% due 2035, $400M 5.250% due 2054
Prologis, Inc.
- $700M aggregate principal of 5.000% Notes due Jan 31, 2035 and $400M additional 5.250% Notes due Mar 15, 2054 priced.
- Net proceeds estimated at ~$1.1B after underwriting discount and expenses.
- Proceeds used for general corporate purposes, including repayment of U.S. dollar tranches of global credit lines.
- 2054 Notes reopen existing series; total 5.250% Notes due 2054 outstanding becomes $850M.
- Notes are senior unsecured obligations of Prologis, L.P., callable at par after certain par call dates.