debt
confidence high
sentiment neutral
materiality 0.50
Prologis Yen Finance prices ¥45B three-tranche note offering; net proceeds ~$280.6M
Prologis, L.P.
- Issued ¥32.6B of 2.527% notes due 2030, ¥3.5B of 3.389% notes due 2035, and ¥8.9B of 3.905% notes due 2041.
- Net proceeds of ~¥44.7B (~$280.6M) to repay yen revolving credit borrowings and for general corporate purposes.
- Notes are senior unsecured obligations of Prologis Yen Finance LLC, fully guaranteed by Prologis, L.P.
- Underwriters: Mizuho Securities USA, Morgan Stanley & Co. International, and SMBC Nikko Securities America.
- Indenture restricts Prologis L.P.'s ability to incur additional debt or merge/sell assets without compliance.