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Prologis Inc's Subsidiary Prices $500 Million Of Guaranteed Notes Due 2021

Thursday, 24 Oct 2013 07:30pm EDT 

Prologis Inc announced that subsidiary Prologis, L.P. (the Operating Partnership) has priced an offering of $500 million aggregate principal amount of notes due February 1, 2021, that have an annual coupon rate of 3.350% and were priced at 99.984% of the principal amount (the notes). The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by Prologis, Inc. The sale of the notes is expected to close on or about November 1, 2013. The offering has been made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. In the short term, the Operating Partnership intends to use the net proceeds from the sale of the notes to repay borrowings under global line and to fund the cash purchase of certain senior notes (the tender offer notes) that are tendered pursuant to offers to purchase such notes, which commenced on October 24, 2013. 

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