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Prologis Inc Announces Pricing Of Notes-Form 8-K


Tuesday, 13 Aug 2013 04:31pm EDT 

Prologis Inc reported in its Form 8-K that on August 8, 2013, Prologis, Inc.’s (Company) operating partnership Prologis, L.P. priced an offering of $400,000,000 aggregate principal amount of its 2.750% notes due 2019 and $850,000,000 aggregate principal amount of its 4.250% notes due 2023. In connection with the offering, the Company and the Operating Partnership entered into an Underwriting Agreement, dated August 8, 2013, with Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule A thereto, pursuant to which the Operating Partnership agreed to sell and the Underwriters agreed to purchase the Notes. The issuance and sale of the Notes is expected to close on August 15, 2013. The net proceeds to the Operating Partnership from the sale of the Notes, after the Underwriters’ discounts and offering expenses, are estimated to be approximately $1.24 billion. In the short term, the Operating Partnership intends to use the net proceeds from the sale of the Notes to repay borrowings under its global line and to fund the cash purchase of certain of its senior notes that are tendered pursuant to its offers to purchase such notes, which commenced on August 8, 2013. The Operating Partnership may also use the net proceeds to repay or repurchase other indebtedness and for general corporate purposes. 

Company Quote

39.58
0.49 +1.25%
20 Oct 2014