Prologis, Inc. (PLD): debt financing — Prologis L.P. enters $3B amended global credit facility with two tranches and 2027 maturity

Prologis, Inc.

Revolving facility of up to $3B (USD equivalent) with accordion feature to increase by $1B.
Two tranches: $2B USD tranche and €917M euro tranche; initial pricing spread of 69 bps.
Maturity June 30, 2027 with two six-month extension options (to Dec 2027 and June 2028).
Prologis Inc. not required to guarantee unless it incurs new debt not existing at closing.
Facility amends and restates the April 2021 global senior credit agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Prologis, Inc. amended revolving credit of $3,000,000,000 with Bank of America, N.A., as Global Administrative Agent at 69 basis points maturing June 30, 2027.

Instrument: revolving credit
Principal: $3,000,000,000
Counterparty: Bank of America, N.A., as Global Administrative Agent
Rate: 69 basis points
Maturity: June 30, 2027
Event: amendment

Exact text from the filing

and/or procure the issuance of letters of credit in various currencies on a revolving basis in an aggregate amount not exceeding the U.S. Dollar equivalent of approximately $3,000,000,000 (subject to increase by not more than the U.S. Dollar equivalent of $1,000,000,000 (determined as of the effective date of such increase) pursuant to the accordion feature

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Source: SEC EDGAR

accession 0001193125-23-095195

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