What is the primary purpose of this 8-K filing?

This 8-K filing announces the pricing and terms of a $20 million issuance of senior unsecured notes by AMB Property, L.P., a subsidiary of Prologis, Inc. It details the maturity date, interest rate, underwriter, and intended use of proceeds, as well as providing financial exhibits related to the transaction.

What is Prologis's role in this note issuance?

Prologis, Inc. has acted as the sole general partner of AMB Property, L.P. and has provided a full guarantee for the $20 million aggregate principal amount of the senior unsecured notes issued by its subsidiary. This guarantee signifies the parent company's commitment to the debt.

How will the proceeds from the note issuance be used?

AMB Property, L.P. intends to use the net proceeds of approximately $19.88 million for general corporate purposes. This may include the partial repayment of existing indebtedness and the acquisition or development of additional properties, indicating potential growth and financial flexibility.

What are the key terms of the notes issued?

The notes have an aggregate principal amount of $20 million, a maturity date of January 17, 2007, and bear interest at a fixed rate of 5.90% per annum. They were sold to Lehman Brothers Inc. as principal.

PLD/PLDGP 8-K SEC Disclosure

Summary

Prologis, Inc. (formerly AMB Property Corporation), through its subsidiary AMB Property, L.P., has successfully priced and sold $20 million in senior unsecured notes maturing on January 17, 2007. The notes carry a fixed interest rate of 5.90% per annum and were sold to Lehman Brothers Inc. This issuance is part of an existing medium-term note program initiated in August 2000. Prologis has provided a guarantee for the full principal amount of these notes, reinforcing its financial commitment and support for its subsidiary's debt.

Key Highlights

1AMB Property, L.P. priced $20 million in senior unsecured notes.
2The notes mature on January 17, 2007, with a fixed interest rate of 5.90% per annum.
3Prologis, Inc. (as parent) has guaranteed the full principal amount of the notes.
4Proceeds will be used for general corporate purposes, potentially including debt repayment and property acquisition/development.
5The issuance is under AMB Property, L.P.'s established medium-term note program.
6Net proceeds after commission and discount are $19,883,000.

Prologis, Inc. 8-K Report (Jan 23, 2002)

Summary

Key Highlights

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