ProLogis prices $1 bln convertible senior notes

NEW YORK, Nov 1 (Reuters) - ProLogis PLD.N, an owner and operator of warehouses, said on Thursday it has priced an offering of $1 billion aggregate principal amount of 1.875 percent convertible senior notes due 2037.

The initial conversion price of approximately $82 represents a 20-percent premium to the $68.33 closing price of the company's common shares on Thursday.

The Denver-based company also granted the underwriters an option to purchase up to an additional $150 million aggregate principal amount of notes.

ProLogis said it plans to use the proceeds from the sale of the notes to repay a portion of the outstanding balance under its global line of credit, certain other debt and for general corporate purposes.