debt
confidence high
sentiment neutral
materiality 0.55
Prologis L.P. prices C$850M 4.250% Notes due 2034; net proceeds ~C$839.9M
Prologis, Inc.
- C$850M aggregate principal of 4.250% Notes due May 15, 2034; closing expected April 27, 2026.
- Net proceeds estimated at C$839.9M after underwriting discount and offering expenses.
- Proceeds for general corporate purposes, including repayment of borrowings under global credit lines and a Canadian term loan.
- Notes are senior unsecured obligations; redeemable at par after February 15, 2034, or earlier at make-whole.
- Underwriting agreement with Scotia Capital Inc. and TD Securities Inc.
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