Summary
Prologis, Inc. (operating as AMB Property Corporation at the time of this filing) announced on August 10, 2006, the commencement of a new medium-term note program by its subsidiary, AMB Property, L.P. This program allows for the issuance of up to $500,000,000 in Series C medium-term notes, which will be guaranteed by the parent corporation. The notes are being issued under an existing indenture, supplemented by a Seventh Supplemental Indenture. This filing details the establishment of the debt program and the associated Distribution Agreement with a syndicate of prominent financial institutions, including Morgan Stanley & Co. Incorporated and Banc of America Securities LLC, acting as agents for the solicitation and purchase of these notes. The program aims to provide AMB Property, L.P. with additional capital flexibility, with the parent company providing a guarantee, indicating its support for this financing initiative.
Key Highlights
- 1Commencement of a $500 million medium-term note program by AMB Property, L.P.
- 2AMB Property Corporation (Prologis) provides a corporate guarantee for the Series C medium-term notes.
- 3The program is established under a Registration Statement declared effective by the SEC on July 5, 2006.
- 4A Distribution Agreement has been entered into with a syndicate of financial institutions to act as agents for note sales.
- 5The notes are issuable under an Indenture dated June 30, 1998, as supplemented by a Seventh Supplemental Indenture dated August 10, 2006.
- 6The filing includes attachments of the Distribution Agreement and relevant Indentures as exhibits.