debt
confidence high
sentiment neutral
materiality 0.25
Prologis L.P. closes $3B global senior credit facility with two tranches and accordion option
Prologis, Inc.
- New 2026 Global Facility provides up to ~$3B revolving credit, expandable by up to $1B.
- Facility split into US Dollar Tranche ($2B) and Euro Tranche (€864.2M); matures June 28, 2030, extendable to mid-2031.
- Pricing at 65 bps over benchmark at closing, varies by Prologis debt rating.
- First Amendment conforms 2025 Global Facility terms to the new agreement.
- Prologis L.P. guarantees all borrower obligations; Prologis Inc. not required to guarantee unless it incurs new debt.
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