SAN FRANCISCO, Nov. 25, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) announced today that its operating subsidiary Prologis, L.P. (the "Operating Partnership") has priced an offering of €700 million aggregate principal amount of notes due January 18, 2022, that have an annual coupon rate of 3.000% and were priced at 99.483% 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 December 3, 2013, subject to customary closing conditions. The offering has been made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
The Operating Partnership intends to use a portion of the net proceeds from the sale of the notes to fund the cash purchase of certain guaranteed senior notes issued by its majority-owned subsidiary, Prologis International Funding S.A. and the remainder of the net proceeds for general corporate purposes, including to repay or repurchase other indebtedness. 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.
A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Deutsche Bank AG, London Branch toll free at +1-800-503-4611; J.P. Morgan Securities plc collect at +44-207-134-2468; Merrill Lynch International toll free at +1-800-294-1322; or The Royal Bank of Scotland plc toll free at +1-866-884-2071.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release also shall not constitute an offer to purchase, nor a solicitation of an offer to sell, the Prologis International Funding S.A. notes or any other securities.
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