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Prologis Inc prices 700 mn Euro of guaranteed notes due 2024

Tuesday, 11 Feb 2014 11:30am EST 

Prologis Inc:Says that its operating subsidiary Prologis, L.P has priced an offering of EUR700 million aggregate principal amount of notes due Feb. 20, 2024, that have an annual coupon rate of 3.375 pct and were priced at 98.919 pct of the principal amount.Says notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by Prologis, Inc.Says sale of the notes is expected to close on or about Feb. 20, 2014, subject to customary closing conditions.Offering has been made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.Intends to use the net proceeds for general corporate purposes, including to repay or repurchase its indebtedness.Says in the short term, the Operating Partnership intends to use the net proceeds to repay borrowings under its multi-currency senior term loan and/or global line of credit. 

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