debt
confidence high
sentiment neutral
materiality 0.30
Prologis amends $3B global credit facility; extends maturity to 2029
Prologis, Inc.
- New $3B global senior credit facility with $2B U.S. Dollar tranche and €895.7M Euro tranche.
- Facility matures June 29, 2029, extendable to June 28, 2030; spread set at 69 bps.
- Amends and restates prior 2022 facility; also conforms 2023 Global Facility via Second Amendment.
- Prologis, Inc. not required to guarantee unless it incurs new debt or guarantees not already in place.
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