Summary
This 8-K filing reports on a significant financing event for AMB Property, L.P. (the registrant's sole general partner, which is Prologis, Inc. as identified by the filing date context and company name). On December 14, 2000, AMB Property, L.P. priced $150 million in aggregate principal amount of senior unsecured notes. These notes mature on December 15, 2005, and carry a coupon of 7.20% per annum. Prologis, Inc. has provided a guarantee for these notes, making them a direct liability of the parent company in practice. The net proceeds after commissions and discounts amount to approximately $148.9 million, with an additional $150,000 reimbursement for expenses.
Key Highlights
- 1AMB Property, L.P. successfully priced $150 million in senior unsecured notes.
- 2The notes have a maturity date of December 15, 2005.
- 3The fixed interest rate on these notes is 7.20% per annum.
- 4Prologis, Inc. (registrant) has guaranteed the full principal amount of the notes.
- 5Net proceeds after fees are approximately $148.9 million.
- 6Proceeds are intended for general corporate purposes, including debt repayment and property acquisitions/development.