Summary
Prologis, Inc. (PLD) through its operating partnership, Prologis, L.P. (the "Operating Partnership"), announced on April 27, 2026, the pricing and impending closing of an offering of C$850,000,000 aggregate principal amount of 4.250% Notes due 2034. These notes are senior unsecured obligations and are expected to be issued on April 27, 2026. The net proceeds from this offering are estimated at approximately C$839.9 million and are intended for general corporate purposes. This may include repaying existing borrowings under credit lines, a Canadian dollar term loan, and potentially other debt. The issuance of these notes diversifies Prologis's debt maturity profile and provides capital for ongoing operations and strategic initiatives.
Key Highlights
- 1Prologis, L.P. priced an offering of C$850 million of 4.250% Notes due 2034.
- 2The offering is expected to close on April 27, 2026.
- 3Net proceeds are estimated at C$839.9 million.
- 4Proceeds will be used for general corporate purposes, including repayment of debt.
- 5The notes are senior unsecured obligations of the Operating Partnership.
- 6The notes carry a 4.250% annual interest rate and mature on May 15, 2034.
- 7The indenture governing the notes contains covenants restricting additional indebtedness and asset dispositions.