Prologis Prices $1.25 Billion Senior Notes Offering to Boost Liquidity

Key Facts

Prologis, L.P. has confirmed the specific pricing details for its $1.25 billion senior unsecured notes offering across two tranches. The first tranche consists of $500 million in 4.875% notes due 2031, priced at 99.418% of the principal amount. The second tranche includes $750 million in 5.125% notes due 2036, which were priced at 98.941% of the principal amount. The company expects net proceeds of approximately $1.2 billion after underwriting discounts and expenses, intended for general corporate purposes and debt repayment. This strategic move aligns with positive analyst sentiment and raised guidance for the REIT, enhancing its balance sheet flexibility. The successful execution underscores Prologis's robust access to capital markets and its commitment to a stable financial structure.

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