8-KOther Events

Prologis, Inc. 8-K Report (Jan 31, 2001)

Filed January 31, 2001For Securities:PLDPLDGP

Summary

This 8-K filing from AMB Property Corporation (the predecessor to Prologis, Inc.) reports on the pricing of $25 million in senior unsecured notes by its subsidiary, AMB Property, L.P. These notes, issued under a medium-term note program, mature in January 2006 and carry a fixed interest rate of 6.90%. The company has guaranteed these notes, indicating a commitment to their repayment. The net proceeds of approximately $24.875 million are earmarked for general corporate purposes. This includes potential debt repayment, specifically amounts outstanding under their unsecured credit facility, and funding the acquisition or development of new properties. This issuance signals the company's ongoing strategy to access capital markets for growth and financial flexibility.

Key Highlights

  • 1AMB Property, L.P. priced $25 million in senior unsecured notes.
  • 2The notes mature on January 30, 2006, with a fixed interest rate of 6.90% per annum.
  • 3AMB Property Corporation has provided a guarantee for the $25 million principal amount.
  • 4Net proceeds after commission total approximately $24,875,000.
  • 5Proceeds are intended for general corporate purposes, including potential debt repayment and property acquisitions/development.
  • 6The notes were sold to A.G. Edwards & Sons, Inc. as principal.

Frequently Asked Questions

AMB Property, L.P. issued $25 million in aggregate principal amount of senior unsecured notes.

The notes mature on January 30, 2006, and bear interest at a fixed rate of 6.90% per annum.

The net proceeds of approximately $24.875 million are intended for general corporate purposes. This may include partially repaying outstanding debt, such as amounts under its unsecured credit facility, and funding the acquisition or development of additional properties.

Yes, AMB Property Corporation has guaranteed the $25 million aggregate principal amount of these senior unsecured notes.