What is the total amount of senior unsecured notes now outstanding?

Following the pricing of the additional $25 million in notes, the total aggregate principal amount of senior unsecured notes issued by AMB Property, L.P. and guaranteed by AMB Property Corporation is $55 million.

How will the proceeds from the new notes be used?

The net proceeds are intended for general corporate purposes. This may include the partial repayment of existing indebtedness, such as amounts outstanding under the company's unsecured credit facility, and financing the acquisition or development of additional properties.

What is the significance of AMB Property Corporation's guarantee?

The full guarantee from AMB Property Corporation significantly enhances the creditworthiness of the notes. It means that AMB Property Corporation is directly responsible for the repayment of the full $55 million principal amount, providing investors with greater security.

What are the risks associated with the forward-looking statements in this filing?

The filing explicitly cautions that forward-looking statements involve numerous risks and uncertainties. Investors should not rely on them as definitive predictions of future events. The actual outcomes may differ due to various factors, and the statements reflect the company's analysis only as of the report's date.

PLD/PLDGP 8-K SEC Disclosure

Summary

AMB Property Corporation (formerly Prologis, Inc.) is reporting on the pricing of an additional $25 million aggregate principal amount of senior unsecured notes by its subsidiary, AMB Property, L.P., on September 8, 2000. These new notes were combined with a previously issued $30 million, bringing the total outstanding senior unsecured notes to $55 million. AMB Property Corporation has fully guaranteed these notes. This capital raise is intended for general corporate purposes, potentially including debt repayment and property acquisition or development. Investors should note the use of forward-looking statements within the filing, which are subject to inherent risks and uncertainties.

Key Highlights

1AMB Property, L.P. priced an additional $25 million in senior unsecured notes.
2These notes are combined with a previous $30 million issuance, totaling $55 million in senior unsecured notes.
3AMB Property Corporation has provided a full guarantee for the entire $55 million principal amount.
4The net proceeds from the additional $25 million issuance, after commissions and accrued interest, are approximately $24.99 million.
5Proceeds are designated for general corporate purposes, including potential debt repayment and property acquisitions/development.
6The filing acknowledges the use of forward-looking statements and associated risks.
7The settlement date for the new notes was September 13, 2000.

Prologis, Inc. 8-K Report (Sep 15, 2000)

Summary

Key Highlights

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